Slower housebuilding hits UK construction growth

A sharp slowdown in housebuilding in the UK sapped construction growth during August, an industry survey showed today.

The Chartered Institute of Purchasing and Supply’s (CIPS) latest activity index, where a score over 50 signals growth, fell to 52.1 from 54.1 in July - the third monthly fall in a row.

Housebuilding saw much weaker growth than commercial construction and civil engineering, fuelling fears that the sector’s strong rebound since the recession is losing steam. Construction jobs also fell for the second successive month

CIPS chief executive David Noble forecast low growth rather than a return to recession, but said: “Those looking for signs of a slowdown will find plenty to worry about.

“The most disturbing (sign) is the marked slowdown in the residential sector as this is where much of the recent sector growth has come from.”

More in this Section

British Airways flights delayed by ‘technical issue’British Airways flights delayed by ‘technical issue’

Google bans ads targeting political affiliationGoogle bans ads targeting political affiliation

Breedon eyes acquisitions to build on Irish growthBreedon eyes acquisitions to build on Irish growth

Origin Enterprises shares tank on profit warningOrigin Enterprises shares tank on profit warning


Lifestyle

As Darina Allen marks 21 years of writing for The Irish Examiner, she talks to Ciara McDonnell about her amazing career.Darina Allen: you have to be aware of the impact you are making

More From The Irish Examiner