UK Housing Market Slump Drags Construction Activity Lower
Construction workers were recently added to the government’s shortage occupations list.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The UK’s construction industry grew more slowly than expected in March as sliding demand for houses cut into activity across the sector.
The Construction Purchasing Managers’ Index from S&P Global fell to 50.7 last month — above the crucial no-change reading of 50 but down from 54.6 in February. It missed economists’ expectations of 53.6.