UK building survey shows sharp slide

UK construction shrank the most since the financial crisis in July, with companies citing uncertainty related to Brexit for the continued weakness.

Markit Economics said its Purchasing Managers Index for construction activity slipped to 45.9 from 46 in June.

That’s the lowest since June 2009, when the economy was last in a recession. All three sectors - housing, commercial and civil engineering - recorded sub-50 readings, indicating contraction.