Slower growth: Houses on Victoria Road in London. S&P says the construction sector in Britain was dragged down by a fall in activity for housebuilders, a setback after May delivered the first expansion in 1½ years. — Bloomberg
BRITAIN’S housebuilding industry put a recovery on hold in June as construction firms delayed projects ahead of the general election that culminated Thursday.
S&P Global Market Intelligence said its UK purchasing managers’ index (PMI) for construction slipped to 52.2 in June from 54.7 in May.
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