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Evening Standard
Evening Standard
Holly Williams

Construction sector ‘exits tailspin’ but housebuilding remains weak spot

United Kingdom
Britain’s construction sector has shown signs of pulling out of its ‘tailspin’ (Alamy/PA) -

Britain’s construction sector has shown signs of pulling out of its “tailspin”, but the housebuilding sector remains under pressure, according to a report.

The latest S&P Global UK construction purchasing managers’ index (PMI) showed a reading of 46.4 for January, marking a sharp improvement from December’s five-and-a-half-year low of 40.1 – and the best result since June last year.

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