• Text size      
  • Send this article to a friend
  • Print this article

Housebuilders saw return to buoyant conditions

Britain's housebuilders saw a return to buoyant conditions last month after a weather-hit February, while confidence among construction firms rose to its highest level since before the recession.

The overall sector maintained a pattern of strong growth, with a reading of 62.5 in March on the closely-watched Markit/CIPS purchasing managers' index (PMI) - where 50 separates growth from contraction.

The reading represented the 11th month in a row of growth for the sector.

But it was little changed on the previous month's figure of 62.6 because of a slowdown in the growth of civil engineering output, which had been buoyed by flood relief work in February.

Contextual targeting label: 
Hobbies and general interest

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.