Flood Aid Drives Civil Engineering Record

The legacy of the worst winter storms for 250 years damaged the recovery in house-building but helped the civil engineering industry record its strongest month since April 1997.

The construction of homes grew at its slowest pace for four months in February, according to the Markit/CIPS Purchasing Managers' Index (PMI) for the sector, where at figure above 50 denotes growth.

The PMI slipped to 62.6 from 64.6 in January - hurt by heavy rain, strong winds and floods which affected house-building particularly.

The railways line at Dawlish was washed away

The survey's findings correspond with an earlier warning from Bank of England Governor Mark Carney, who said the economy might suffer a temporary hit because of the adverse conditions.

By contrast, civil engineering activity saw its strongest month since April 1997, the study found, helped by higher spending by local authorities which, in some cases, was in response to the rain as diggers were called in to protect homes and businesses from rising waters.

Attempts to keep water levels back aided civil engineers

Job creation was at its highest in three months as 59% of construction companies expected a rise in output over the year, compared with only 10% predicting a fall.

Britain's construction industry has been recovering since last year thanks to a combination of record low interest rates, government programmes to encourage people to buy new homes and falling unemployment.

The sector, which accounts for about 7% of gross domestic product (GDP), has been facing strong demand to build more properties to boost housing supply.

A shortage of new homes amid high demand for properties has been cited as the core reason for property prices rising to, what some critics claim are, unsustainable levels.

:: Watch Sky News live on television, on Sky channel 501, Virgin Media channel 602, Freeview channel 82 and Freesat channel 202.

Anda sedang membaca artikel tentang

Flood Aid Drives Civil Engineering Record

Dengan url

http://kerjasendirianda.blogspot.com/2014/03/flood-aid-drives-civil-engineering.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Flood Aid Drives Civil Engineering Record

namun jangan lupa untuk meletakkan link

Flood Aid Drives Civil Engineering Record

sebagai sumbernya