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Evening Standard
Evening Standard
Business
Holly Williams

Housebuilding activity hits 2026 low point amid construction downturn

Shares in the housebuilding giant fell in morning trading on Monday as the news took investors by surprise (PA) -

Activity in the UK housebuilding sector fell at the fastest pace so far this year as the wider construction sector remained firmly in contraction, according to new figures.

The S&P Global UK construction PMI showed a reading of 38.4 in June, marking a slight improvement on May’s six-year low of 38.2, but still the second fastest fall in output since the start of the Covid pandemic.

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