UK construction activity declined last month at its fastest pace since June, as the sector suffered its steepest drop in new work since April 2009 and housebuilding recorded its sharpest contraction for two years, a key survey shows.
UK construction activity declined last month at its fastest pace since June, as the sector suffered its steepest drop in new work since April 2009 and housebuilding recorded its sharpest contraction for two years, a key survey shows.
pressure: Housing was by far the weakest performer of the three construction sub-sectors.
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Ian McConnell Business Editor
The drop in incoming new work, which is a forward- looking indicator, signals an extremely difficult outlook for the construction sector. And it highlights the challenges the broader UK economy will face in 2013, amid weak business and consumer confidence and public spending cuts.
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