3 d. ago Construction sector suffers longest downturn for over five years

The latest S&P Global UK construction purchasing managers' index (PMI) showed a reading of 45.5 in August

Politics

3 d. ago US hiring slows as jobs market loses momentum; UK construction in longest slump since 2020 – business live

Construction activity in longest continuous slump in five years, as UK long-term borrowing costs dips backOuch! Britain’s construction sector is suffering its longest continuous downturn since the early days of the Covid-19 pandemic.Construction output slumped again in August, according to the latest poll of purchasing managers from data provider S&P Global.Business activity falls for eighth month in a row, but at slower pace than in JulySolid reductions in new work and employmentOptimism drops to its lowest since December 2022“Construction activity has decreased throughout the year-to-date, which is the longest continuous downturn since early-2020. August data signalled only a partial easing in the speed of decline after output fell at the fastest pace for over five years in July.Sharply reduced levels of housing and civil engineering activity were again the main reasons for a weak overall construction sector performance. Commercial work showed some resilience in August, with t...

Society

3 d. ago Housebuilding slows in fresh blow to Labour's 1.5m new homes plan

Activity in the housebuilding sector slowed in August as the British construction sector suffers its longest downturn since the beginning of the pandemic.

Society

3 d. ago Construction sector suffers longest downturn for over five years – report

The latest S&P Global UK construction purchasing managers’ index showed another steep drop in output in August, although the rate of decline eased.

Politics

3 d. ago UK construction in longest downturn since early 2020; global bond sell

Construction activity in longest continuous slump in five years, as UK long-term borrowing costs dips backOuch! Britain’s construction sector is suffering its longest continuous downturn since the early days of the Covid-19 pandemic.Construction output slumped again in August, according to the latest poll of purchasing managers from data provider S&P Global.Business activity falls for eighth month in a row, but at slower pace than in JulySolid reductions in new work and employmentOptimism drops to its lowest since December 2022“Construction activity has decreased throughout the year-to-date, which is the longest continuous downturn since early-2020. August data signalled only a partial easing in the speed of decline after output fell at the fastest pace for over five years in July.Sharply reduced levels of housing and civil engineering activity were again the main reasons for a weak overall construction sector performance. Commercial work showed some resilience in August, with t...

Politics

1 week ago North Lanarkshire's first Built Environment Skills Summit brings together nearly 150 industry experts

The inaugural event, organised by the Built Environment Sector Board, aimed to create practical, collaborative solutions for skills shortages that are hampering growth across the construction and built environment sector.

Events