David Noble: purchasing managers remain upbeat.
Construction market still shrinking
Published: 03 December, 2009
LINCOLNSHIRE: The Chartered Institute of Purchasing and Supply index reported the 21st successive monthly contraction in activity within the UK construction industry.
Commercial and civil engineering subsectors reported further declines in activity during November.
However, residential construction activity expanded for the third successive month, with November's rate of growth solid and the highest in over two years.
CIPS chief executive David Noble said: "There is little festive cheer for the UK construction industry which still remains very vulnerable.
"One positive note is that the sector is not contracting as sharply as it was this time last year and purchasing managers are remaining upbeat about future business conditions."