September data indicated that the downturn in construction activity moderated again and was the least marked since June. This was helped by a slower reduction in new work. However, construction companies remain cautious about the outlook, with business optimism little-changed from August's 32-month low. At 46.2 in September, up from 45.5 in August, the headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally adjusted index tracking changes in total industry activity – reached its highest level for three months. However, the latest reading was below the neutral 50.0 value for the ninth ... (full story)