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Buyers survey points to quickening pace of input price rises

Buyers survey points to quickening pace of input price rises

The latest construction activity survey by Markit/CIPS suggests that the construction market remains pretty buoyant, with a monthly growth rate at 56.4 for March. This was above the long-term average of around 54. However, you should be a bit cautious before drawing the conclusion that the industry is in fine fettle from these figures. Not that many with a grip on reality would.

The Markit/CIPS survey provides cheer for construction – but take it with a pinch of salt

The Markit/CIPS survey provides cheer for construction – but take it with a pinch of salt

Taking the latest monthly construction survey from the buyers’ body CIPS at face value we could be tempted into thinking all is looking well set for the year. The overall index bounced sharply back from 49.1 to 53.7 – that means from below the 50 no change mark to a figure that suggests reasonably sound growth. And, says the survey release, there was not just a boost to work done but a rise in new business. More encouragingly optimism among…

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