Housebuilding defies January gloom as overall construction activity drops

By Jordan Marshall2021-02-04T10:43:00

Monthly purchasing manager’s index shows even housebuilding growth lowest since June

Construction output shrank in January - signalling the first reduction in activity in seven months.

According to the latest CIPS/IHS Markit PMI data there was a marginal decline in UK construction output, as well as a slowdown in new order growth, which fell to its weakest since June 2020.

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