Output in Britain’s construction sector contracted in May, as Brexit uncertainty weighed on demand while job numbers fell at their fastest rate since November 2012.
The Markit/CIPS UK Construction Purchasing Managers’ Index recorded a reading of 48.6 for May, down from 50.5 in April.
Economists were expecting a figure of 50.5. A reading above 50 indicates growth; below represents contraction.
Last month’s reading is the lowest since extreme weather during last year’s Beast from the East prevented construction work from going ahead in March 2018.
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