close
Share with your friends

Latest Construction PMI reading makes for welcome news

Latest Construction PMI reading makes for welcome news

Commenting on the latest CIPS/Markit Construction PMI, Jan Crosby, UK head of infrastructure, building and construction at KPMG, said.

1000

Also on home.kpmg

“June’s Construction PMI reading certainly makes for welcome news, with the fastest rise in activity in nearly two years hammering home the message that the sector’s focus is well and truly on recovery.

“The industry will certainly be keen to meet pent up demand as social distancing restrictions continue to ease, so it’s therefore unsurprising to see that residential builds are the main driver of growth currently. After all, the UK continues to be in sore need of more housing.

“While commercial work and civil engineering activity grew by a lesser degree, we must remember that such construction was less severely hit by the pandemic. Having said that, the government’s made it clear that it sees such activity as a means to help the nation recover economically, so we’ll likely see more movement on that in the comings months in light of that commitment.”

 

-ENDS-

Notes to editors:

For media enquiries only, please contact:

Simon Wilson, KPMG Corporate Communications:

T: 0207 311 6651 / 07785 373397

E: simon.wilson@kpmg.co.uk

KPMG’s Press Office: +44 (0)207 694 8773

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 17,600 partners and staff.  The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2020 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal