British construction firms continued to rebound from their post-referendum soft patch last month but reported the steepest rise in prices for more than five years. Overall, construction sector activity expanded for the third month running and at a faster pace than economists had forecast. The main reading on the Markit/CIPS UK construction purchasing managers’ index (PMI) edged up to an eight-month high of 52.8 from 52.6 in October. London's 73-storey Trellis skyscraper gets green light Read moreOrder books also improved at the fastest pace for eight months and construction firms hired new workers to match the rising demand. But optimism among building firms remained relatively subdued, Moore added.

Source: The Guardian December 02, 2016 10:32 UTC