Survey Offers Little for Construction Sector to Build On

Summary


ACTIVITY in the UK construction sector declined at the slowest pace in 18 months in August, a survey from the Chartered Institute of Purchasing and Supply showed yesterday.

However, the fall in activity which was signalled by the survey was still substantial. And it was broadly-based, with activity declining in each of the three sub-sectors of housebuilding, commercial property construction, and civil engineering.

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Extract


Survey Offers Little for Construction Sector to Build On

CIPS' headline purchasing managers' index for construction rose from 47.0 in July to 47.7 in August, on a seasonally-adjusted basis, but remained stuck below the level of...

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