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Evening Standard

Business

Henry Saker-Clark

Construction firms report record inflation jump as Iran war hits new orders

Inflation United Kingdom United States

Construction firms reported accelerating inflation as the sector’s slump continued (Toby Melville/PA) - (PA Archive)

Construction firms reported a record surge in cost inflation as the conflict in the Middle East weighed on new orders and confidence in the sector.

It came as new figures showed the slump in the UK construction industry continued last month.

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