UK construction plunges to lowest level of activity in nearly five years – report
by Phillip Inman from World news | The Guardian on (#6VQPD)
Most economists had expected activity to rebound in February but S&P Global construction PMI slumped to 44.6
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Steep declines in housebuilding and engineering work have plunged the UK's construction sector to its lowest level of activity since May 2020, according to a survey of building companies.
After one of the steepest monthly declines in housebuilding activity, the latest S&P Global construction purchasing managers' index (PMI) slumped to 44.6 in February - a sharp drop from 48.1 in January.
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