Construction & Materials sector monthly seasonality analysis: strong 3-month run from December to February

The 2013 edition of the Almanac looks at the historic monthly performance of the FTSE 350 sectors. Here we look at the Construction & Materials sector.

The following chart plots the average out-performance of the FTSE 350 Construction & Materials sector over the FTSE 100 Index by month since 1999. For example, since 1999 on average the Construction & Materials sector has out-performed the FTSE 100 Index by 3.1 percentage points in January.


  1. The sector is strong relative to the whole market from November to March.
  2. The strongest months are December, January and February – the sector has under-performed the market only twice in the past 13 years in February.
  3. The weakest month has been October – the sector has out-performed the market only four times in this month in the last 14 years.

The four stocks in the FTSE 350 Construction & Materials sector [NMX2350] are-

Balfour Beatty [BBY]
Galliford Try [GFRD]
Kier Group [KIE]
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