Construction Activity Falls at Fastest Rate in Five Years – Guido Fawkes

Construction Activity Falls at Fastest Rate in Five Years

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Construction activity in the UK has fallen by the most in more than five years. No-one tell Angela…

S&P Global’s monthly purchasing managers’ index for construction dropped to 44.3 in July – down from 48.8 in June. That is the lowest since May 2020 and worse than all forecasts…

Blamed are “site delays, a lack of tender opportunities and a reluctance from customers to commit to contracts.” Staffing fell for the seventh month in a row, new orders fell at the second-highest rate since 2020. There is increasing nervousness in Labour circles about the party’s obvious ongoing failure to reach its 1.5 million homes by 2029 pledge…