Activity among the UK’s builders slowed by more than expected in June according to the latest survey snapshot of the sector.
The Purchasing Managers’ Index came in at 54.8 in the month, down from 56 in May and lower than the 55 City of London analysts had pencilled in.
Any reading above 50 signals growth.
All three of the main construction sectors – housebuilding, commercial and civil engineering – slowed in the month.
Measures of business optimism hit their lowest levels of the year so far.
“Survey respondents commented on renewed caution among clients, in response to heightened political and economic uncertainty,” said Tim Moore, senior economist at IHS Markit, which compiles the PMI.
via The Independent