Construction PMI Falls In October Growth Slows, But 'Outlook Still Strong' For Sector 04.11.2014 The UK's construction industry grew at the lowest rate in five months during October, the latest Markit/CIPS construction purchasing managers' index (PMI) has shown – although construction managers remain upbeat about growth prospects for the future. The PMI fell from 64.2 in September to 61.4 in October, a steeper decline than a Reuters poll had forecasted. However, it also marks 18 months of the index remaining above the 50 threshold, denoting positive growth for a year and a half: the longest sustained period since the financial crisis. Tim Moore, an economist at Markitt, said October’s figures are evidence that the cooling housing market is beginning to impact the residential building sector. "House building activity still increased at a strong pace overall, but the sharp growth slowdown since this summer reflects greater caution towards new development projects amid tighter mortgage lending conditions and renewed uncertainties about the demand outlook," he said. Markitt said the overall outlook for construction firms was strong in October, with only a modest slowdown in commercial and civil engineering work and a rise in investment spending. Tags Construction And Infrastructure Steven Bate Leeds Related articles 15.02.2017Cocoon Aims To Secure £2.5m For Latest Expansion Drive 14.02.2017Serious Fraud Office - The Big Funding Debate 14.02.2017Inflation Rises As UK Feels Effect Of Weak Pound Post-Brexit Vote 10.02.2017Today's Court Of Appeal Ruling To Have Impact on Uber And Other Firms In 'The Gig Economy' 09.02.2017Court Of Appeal Employment Ruling To Have Impact on 'Gig Economy'