August data indicated a sustained downturn in business activity across the UK construction sector, led by weakness in the residential building segment.  The seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index (PMI) – an index tracking changes in total industry activity – registered 44.3 in August, down from 44.7 in July and below the neutral 50.0 value for the twentieth successive month. All three … Continue reading August data points to construction slowdown