Slight slowdown for construction recovery

The construction industry continued to grow last month, extending its sequence of expansion to just shy of two years despite the weakness of the euro weighing on businesses.

There were signs of a slowdown in the level of growth seen in the sector during July with the continuing euro weakness creating sharp input cost inflation.

The pound has climbed to its highest level since 2007 against the euro in recent months to €1.41 — up close on 15% since last year.