UK construction output rebounds, cost pressures jump, PMI shows

Britain’s construction sector grew at its fastest pace in nearly two-and-a-half years in September, helped by a sharp jump in civil engineering and an upturn in house-building, but costs faced by firms escalated, an industry survey showed on Friday.

There was also concern among some companies about possible spending cuts and tax increases in finance minister Rachel Reeves first budget later this month.

The S&P Global/CIPS UK Construction Purchasing Managers’ Index jumped to 57.2 in September ...