Housebuilding sees rapid recovery in October

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Latest purchasing manager’s index shows rate of growth only slightly lower than September

The UK housebuilding sector continued its rapid recovery from the spring coronavirus lockdown in October, according to the latest purchasing managers’ survey from IHS/Markit.

The survey, sponsored by the Chartered Institute of Purchasing and Supply (CIPS), found that housebuilding was “by far” the best performing area of construction activity over the month, with the speed of recovery easing only slightly from the level seen in September.

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