MARKET FORECAST BACK IN DEMAND

摘要

CIPS Markit's UK Construction PMI print for November 2013 was its highest reading since June 2007. Six-month averages of this sentiment survey underscore the two-part story of 2013. The six-month average for the first half of 2013 came in at 48.7; the corresponding figure for the second half approached 60 (values above 50 indicate expansion). This striking turnaround in sentiment is supported by the findings of other industry surveys, where both present and future expectations for workload, orders, enquiries and pricing are all firmly positive. But there are still location and sector-specific dynamics in play.