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Commercial building boosts construction growth

Construction grew in August at its quickest rate in over a year thanks to booming commercial activity, figures published today by the Chartered Institute of Purchasing and Supply showed.
Latest data revealed that growth was driven by the commercial building sector which measured 60.2 on the purchasing managers index, where a score of above 50 indicates growth and below 50 a contraction in the market.

Housing activity grew but only marginally while civil engineering activity continued to grow but at its slowest rate for three months. Rising workloads encouraged employers to recruit during August and the workforce grew at a solid pace.

CIPS director of professional practice Roy Ayliffe said: 'Purchasing managers experienced buoyant conditions in the construction sector in August, as growth of activity picked up to the strongest rate since April 2004. Optimism about the future - while still remaining high - dropped to its lowest in almost four years.'

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