Construction activity dips for second successive month as cost pressures see demand stagnate

By Daniel Gayne2022-09-06T10:51:00

Source: Shutterstock

But inflation shows signs of waning as supply chain pressure eases

UK construction activity fell for the second successive month in August as concerns over wider economic prospects shook confidence causing purchasing activity to decline.

According to the latest PMI data, the industry posted an index reading of 49.2, marginally above the 48.9 recorded in July, but below the 50.0 no-change mark, meaning total activity still went down over the course of the month.

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