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The Independent UK

Business

Holly Williams

UK construction activity contracts as ‘full impact’ of Budget sets in

United Kingdom MHA Economy

Activity in Britain’s construction sector fell for the first time in nearly a year last month as housebuilding woes deepened, according to new figures. -

Activity in Britain’s construction sector fell for the first time in nearly a year last month as housebuilding woes deepened, according to new figures.

The latest S&P Global construction purchasing managers’ index (PMI) showed a reading of 48.1 in January, down sharply from 53.3 in December and the first result signalling a contraction since February 2024.

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