Housebuilding activity falls for first time in two years

By Daniel Gayne 2022-07-06T10:25:00

Source: Shutterstock

S&P/CIPS index shows housebuilding is ‘weakest performing area of construction’ amid fears of market slowdown

Last month saw housebuilding activity in the UK fall for the first time since May 2020.

According to the latest PMI data, the sector was the weakest performing area of construction activity for the fourth month running, with an index reading of 49.3.

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