Highest UK Construction Confidence in 10 years
If ever anyone needed confirmation that the UK building industry is enjoying the best of times, you only need to look at the record level of UK construction confidence registered this morning in the Markit UK Construction PMI survey - a reading of over 65, confounding analysts' expectations for a fall in confidence.
Unsurprisingly, residential construction is leading the way, given the buoyant state of house prices nationwide, but most of all in London. You only have to look around London to see the amount of regeneration that is going on, even after the 2012 Olympic Games, for instance in the North and the East End of London.
To see charts and UK stock suggestions to play this strong construction momentum, please click on the Mindful Money website link below:
This is one of my personal favourite investment themes of the moment in the UK, as I feel there is quite a bit further to run in the UK's economic renaissance, with the property market crying out for new builds to alleviate the current shortage of housing supply in London and the South East.
Edmund
Risk arising due to difference in cost of carry or the ‘basis risk’ needs to be addressed. It is therefore specified that a calendar spread charge would be added to the worst scenario loss for arriving at the initial margin.
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