Article 4JCDN UK construction industry suffers worst month in a decade

UK construction industry suffers worst month in a decade

by
Phillip Inman
from Economics | The Guardian on (#4JCDN)

Housebuilders blame Brexit uncertainty for a lack of new residential projects

Britain's construction industry "dropped like a stone" in June to record its worst monthly performance in more than 10 years as firms blamed the Brexit crisis for a lack of new work.

Housebuilders joined civil engineering firms and commercial building contractors to warn that a wait-and-see approach to commissioning projects across the public and private sectors had hit the industry.

The purchasing managers' indices, or PMIs, track services sector companies, manufacturers and building firms around the world.

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