Business

UK Construction Sector Grows at Slowest Pace in Six Months in September

The Battersea Power Station development is seen in London, on August 28, 2018. – The iconic decommissioned coal-fired Battersea Power Station located on the south bank of the River Thames is the centre of a major re-development project in the inner-city district of South West London. (Photo by BEN STANSALL / AFP) (Photo credit should read BEN STANSALL/AFP/Getty Images)

By: Radhakrishna N S

Amid nearing Brexit, the construction sector in the UK exhibited less confidence which forced the construction activities to grow at a slowest pace in the six months in September, said a private survey on Tuesday (2). At 52.1 in September, down from 52.9 in August, the seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) signalled the weakest upturn in output for six months. UK construction companies indicated a sustained increase in the business activity during September, but the rate of expansion slowed for the second month running. Civil engineering was the worst performing subcategory of construction work, with…

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