Construction buyers have reported the lowest level of residential work since last December as the housing market continues to rag down the whole industry.
The bellwether S&P Global UK Construction Purchasing Managers’ Index recorded 43.6 in October – down from 46.1 the previous month.
The index registered below the neutral 50.0 value for the twenty-second month running.Residential activity (index at 35.1) was by far the weakest-performing segment, with the latest reading the lowest since