UK construction grows but housebuilding decline threatens government targets

Construction firms say high borrowing costs and weak consumer confidence hitting housebuilding demand

Activity in Britain's construction industry picked up in November but housebuilding weakened, throwing the government's new homes targets into further doubt.

The S&P Global/CIPS UK Purchasing Managers' Index for the construction industry came in at 55.2 last month, up from October's 54.3.