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Construction activity declines for first time in 11 months
UK construction companies indicated that business activity levels fell during February, which ended a ten-month period of sustained expansion. The drop in construction work was led by reductions in commercial building and civil engineering activity. A soft patch for new orders so far in 2019 meant that job creation remained subdued in February. Survey respondents often cited concerns about a lack of new projects to replace completed contracts. At 49.5 in February, down from 50.6 in January, the headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered below the 50.0 no-change ... (full story)