Worse than expected construction data highlights nearly two years of contraction in the sector - Cambridgeshire Chamber of Commerce
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Worse than expected construction data highlights nearly two years of contraction in the sector | Northamptonshire Chamber of Commerce
Joe Sullivan, Partner at MHA says of the October Construction PMI data: “The worse than expected drop in PMI data in October highlights that high borrowing costs, weak demand and persistent delays are continuing to hold projects back. Housing remains the sector’s Achilles’ heel, as households refinancing mortgages at much higher rates face a substantial squeeze
Worse than expected construction data highlights nearly two years of contraction in the sector - Cambridgeshire Chamber of Commerce
Joe Sullivan, Partner at MHA, comments on October's Construction PMI data. "The worse than expected drop in PMI data in October highlights that high borrowing costs, weak demand and persistent delays are continuing to hold projects back." "Housing remains the sector’s Achilles’ heel, as households refinancing mortgages at much higher rates face a substantial squeeze on spending power and confidence, feeding straight through to housebuilders and …
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