UK construction sector extends longest run of decline since global financial crisis, PMI shows

Britain’s Housebuilding Slowdown Deepened in February, PMI Shows

UK construction activity unexpectedly declined at a sharper pace in February, according to a closely watched survey, with housebuilding particularly weak.

UK construction sector extends longest run of decline since global financial crisis, PMI shows

Activity in Britain's construction sector contracted for the 14th month in a row in February, extending its longest downturn since the global ​financial crisis despite an improvement in business optimism, a business survey ‌showed on Thursday.

UK construction slump deepens as rainy weather dampens hopes of recovery

The industry has been grappling with a more than year-long decline.

UK construction activity decline unexpectedly accelerates in February

Activity in the UK's construction sector declined for the fourteenth month in a row, S&P Global reported on Thursday. The seasonally adjusted S&P Global UK construction purchasing managers' index...

Construction sector decline stretches into 14th month

Construction activity declined at a faster pace in February than January, according to the latest Purchasing Managers’ Index (PMI) data. The index, which is overseen by S&P Global, fell to 44.5 last month, down from January’s seven-month high of 46.4. Any reading below 50 shows… The post Construction sector decline stretches into 14th month appeared first on Construction News.

Construction hit by ‘wet weather’ as housebuilding weakens output

The construction sector was hit by “exceptionally wet weather” in February that caused delays and led to a decline in output, new research has shown.  S&P Global’s purchasing managers’ index (PMI) showed the beleaguered sector suffered from an “accelerated downturn” in output last month.  The construction PMI dropped to 44.5, below the 50-figure mark for neutrality and lower than January’s seven-month high of 46.4.  Housebuilding was the weakest…