British construction index bounces back in August

Biggest jump since 2013 after Brexit sparked July slump

2nd September, 2016
British construction activity improves, though still not growing. Pic: Getty

A British construction index surged in August from a Brexit-induced seven-year low as activity picked up across the board.

Markit Economics said its Purchasing Managers Index jumped to 49.2 from 45.9 in July, the biggest monthly gain since November 2013. Economist had expected a lower figure of 46.3. The index is still below the 50 mark which signals growth, however.

Invested: Crunch time for nervous Britain

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Eugene Kiernan: China was the ghost at the G7 feast

World Eugene Kiernan 2 days ago

Analysis: National Maternity Hospital issue is challenging for FG as by-election approaches

Nadine O’Regan: Fishing for compliments at our own funerals

Emer McLysaght: Take it or leave it, Father’s Day is not an issue