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Steepest decline in construction new work since 2009

03 September 2019

According to the IHS Markit / CIPS UK Construction PMI, construction output has fallen for the fourth month in a row.  Construction activity in the commecial experienced the sharpest decline, followed by civil engineering and housebuilding. 

 

Business optimism is at its lowest since December 2008.  Despite this staff retention remain high in a tight labour market.

 

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