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Construction downturn widens out to commercial and industrial sectors as well as the public sector
(09/03/2009)

The latest CIPS Construction survey demonstrates the construction industry is contracting at the fastest pace since series began. The CIPS Construction Purchasing Managers' Index (PMI) dropped to 27.8 last month - the lowest level since the survey began in April 1997. Any number below 50 indicates a fall in activity. RICS Chief Economist Simon Rubinsohn commented: "The appalling figures contained in the latest CIPS Construction survey chime with the results of the recently released RICS surve... [more]

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