Article 8DHK Election uncertainty puts brakes on building sector

Election uncertainty puts brakes on building sector

by
Angela Monaghan
from Economics | The Guardian on (#8DHK)

Strength of slowdown shown in construction PMI survey reveals how tight election race is putting 'grit in the wheels of decision-making in the building sector'

Uncertainty over the general election affected British building sites last month, with construction output rising at the slowest rate in almost two years.

In the latest sign that the UK's economic recovery is faltering, the closely watched Markit/CIPS construction PMI survey showed all parts of the building sector weakened in April, including housebuilding.

Related: Boomtime Britain no more - construction data shows growth slowing

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