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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...


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