British construction PMI registers 55.3 in November

The British construction purchasing managers' index (PMI) declined to 55.3 in November, down from 58.8 in October, but still well above the 50.0 no-change threshold, according to the data released by data supplier Markit on Wednesday.

Growth momentum softened across the British construction sector in November, with output, new business and employment all rising at slower rates than in the previous month.

By the sector, residential building activity increased at the weakest pace since June 2013, while civil engineering activity rose at the slowest rate for six months and was the worst performing sub-category. Commercial construction activity topped the growth table, but the latest expansion was less marked than October's eight-month high.

"Residential activity lost its position as the best performing sub-category, but a supportive policy backdrop should help prevent longer-term malaise," said Tim Moore, Senior Economist at Markit.

"Strong growth of commercial construction was maintained in November as positive British economic conditions acted as a boost to new projects, while civil engineering remained the weakest performer," he added. Endit