U.K. Construction Growth Unexpectedly Slows to Weakest in a Year
This article is for subscribers only.
U.K. construction growth unexpectedly slowed to the weakest in a year in August, as the industry was hit by reduced business investment and heightened economic uncertainty, according to IHS Markit.
The Purchasing Managers’ Index fell to 51.1, the lowest since August 2016, and down from 51.9 in July. That’s below the 52 forecast by economists in a Bloomberg survey, although it remains above the 50 level dividing expansion from contraction.