UK construction sector downturn continues, led by sharp drop in housing activity

From pmi.spglobal.com

March data indicated a solid reduction in UK construction output, albeit at a slightly less marked pace than in the previous month. Residential work remained by far the weakest-performing category. The latest survey also suggested that operating margins were under considerable pressure from a rapid acceleration in input cost inflation. Construction companies widely noted that the war in the Middle East had pushed up fuel, transportation and raw material prices. At 45.6 in March, the headline seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – an index tracking changes in ... (full story)