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Construction Industry Growth | Integrity SoftwareThe latest construction sector index stood at 57, up six points from the figure last released in June and significantly higher than the 50-point mark indicating the cut-off point for growth.

Residential construction continues to be the sector’s most active facet, with the Help to Buy scheme contributing to a growth in housing activity stretching back for six consecutive months.

Furthermore, construction industry growth broadened throughout July, with increased activity in commercial and civil engineering adding to the optimism engendered by the buoyant housing sector.

There are hopes that the ongoing expansion of the construction sector could help to reinvigorate the UK economy, improving growth figures above and beyond the 0.6% expansion we experienced over the second quarter of 2013.

‘It’s extremely encouraging to see the fortunes of the construction industry being restored once more’, said Integrity Software’s Managing Director Justin Moule.

‘Hopefully, UK construction firms will be able to take advantage of greater project availability and industry activity this year as a result of this continued sector growth.’

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MPs attempt to put an end to construction late payments

MPs attempt to put an end to construction late payments

An inquiry into the payment practices of Britain’s businesses has revealed some unsettling results for the construction sector. Apparently, the construction industry suffers from a higher proportion of late paying clients than any other sector, with committee chairwoman Labour MP Debbie Abrahams accusing the industry of harbouring a ‘culture of late payments.’

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