UK construction companies indicated that output levels remained on a downward trajectory in October. Moreover, the rate of decline in total industry activity was the steepest recorded since May 2020. The headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally adjusted index tracking changes in total industry activity – registered 44.1 in October, down from 46.2 in September and below the 50.0 nochange mark for the tenth consecutive month. This marked the longest period of continuous decline since the global financial crisis more than 15 years ago. Civil engineering remained the ... (full story)