UK’s Construction Slump Eases Despite Prolonged Stretch of Job Cutting

UK’s Construction Slump Eases Despite Prolonged Stretch of Job Cutting
A slowdown across the UK’s construction sector eased last month. Gareth Fuller/PA
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A slowdown across the UK’s construction sector eased last month as housebuilding activity picked up pace, despite facing the longest stretch of job cutting since the pandemic, a new survey shows.

The latest S&P Global UK construction purchasing managers’ index (PMI) showed a reading of 46.2 in September, up from 45.5 in August and its highest level for three months.