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British construction PMI surges to 59.9 in Sept.

Xinhua, October 2, 2015 Adjust font size:

The British construction purchasing managers' index (PMI) rose to 59.9 in September, up from 57.3 in August, said data supplier Markit Economic Limited on Friday.

Data showed a sharp and accelerated expansion of overall business activity, while the employment growth was sustained across the construction sector for the twenty-eighth month running in September.

The latest expansion of residential building was the most robust it's been in 12 months. Commercial construction activity also rose strongly in September, with the pace of growth accelerating to a seven-month high.

Meanwhile, civil engineering activity expanded for the fifth consecutive month and the rate of expansion picked up to its fastest since February.

Construction firms enjoyed a strong finish to the third quarter of 2015, as a sustained rebound in new development projects continued to have an impact on the ground, Tim Moore, senior economist at Markit, commented. Endit