THE decline in UK construction activity accelerated sharply in February to its fastest pace since October 2009, although the housebuilding sub-sector returned to growth, a survey has revealed.
The report, from the Chartered Institute of Purchasing and Supply (CIPS), is likely to fuel fears that the UK economy might contract further in the current quarter.
It follows a survey from CIPS on Friday which showed UK manufacturing activity dropped sharply in February. CIPS's survey of activity in the dominant services sector, due today, will be a further key indicator of first-quarter economic activity.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
