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Updated · Bloomberg · May 7S&P Global gauge of UK construction activity falls to five-month low
8 articles · Updated · Bloomberg · May 7
- The April reading dropped to 39.7 from 45.6 in March, the weakest since November and below economists’ forecast of 46.
- British builders recorded the sharpest output decline in months as the Iran war raised input costs and deterred sales.
- The index fell deeper below the 50 mark that signals contraction, indicating worsening conditions across the UK construction sector.
As the Iran war cripples UK builders, can a massive infrastructure plan prevent a wider economic recession? With construction in freefall due to the energy crisis, what does this mean for the future of UK homeownership?