The UK's construction sector, which accounts for around 6 pct of GDP, continued to expand robustly in November but not at the heady pace experienced the previous month, a closely-watched survey of the sector found today.
The Chartered Institute of Purchasing & Supply revealed that its main purchasing managers index fell to 54.8 from a two and a half year high of 58.1 the previous month.
CIPS said the expansion in activity -- a reading above 50 indicates growth -- was broad-based across the three sectors included in the survey.
"The construction sector recorded further strong growth in November, although at a slower rate than the exceptional 'high' in October," said Roy Ayliffe, director of professional practice at CIPS. "With input price inflation under control and demand being driven by solid growth in the housing sector, purchasing managers are optimistic for the future," he added.