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The Independent UK

Business

Henry Saker-Clark

UK construction industry declines at slowest rate for eight months

United Kingdom Alamy Tim Moore

UK construction activity has fallen unexpectedly and at the fastest pace for more than five years amid fiscal worries and rumoured tax hikes in the November Budget, according to new figures (Alamy/PA) - (Alamy/PA)

The UK’s construction sector declined at its slowest pace since January last month as it edged closer to recovery, according to new figures.

The closely-followed S&P Global UK construction PMI showed a reading of 46.1 in September, improving from 44.3 in August.

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