Brexit blamed as output falls to lowest point in close to a year

By Jordan Marshall2019-02-04T12:24:00

Growth at weakest for 10 months

Output in the construction sector has fallen to its lowest point in close to a year, with the impending Brexit deadline blamed for the decline.

All three categories of construction, new residential, commercial and civil engineering, recorded weaker trends than those reported in December, according to the latest IHS Markit/CIPS survey.

The pair’s PMI index registered a score of 50.6 in January, down from 52.8 in December, with the January data pointing to a loss of momentum for the UK construction sector, with business activity growth grinding to its weakest for 10 months.

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