The UK construction industry fell to its weakest level since the 2008 financial crisis in June, according to the IHS Markit construction purchasing managers’ index.
The industry’s survey dropped to 43.1 in June, with an indication below 50 pointing to a recession. The crisis spreads across the three areas of the construction sector, namely housebuilding, commercial and civil engineering.
Housebuilding was outperforming other manufacturing sectors until May, but there is now an evident drop i...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|