UK construction companies signalled a sharp and accelerated reduction in business activity during October. At 43.6, down from 46.1 in September, the headline seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index registered below the neutral 50.0 value for the twenty-second month running. Moreover, the rate of contraction was the steepest since June. Residential activity (index at 35.1) was by far the weakest-performing segment, with … Continue reading Construction output slows in October