Commercial work has fallen for the first time since last year’s Beast from the East snowstorms Jonathan Brady/PAUncertainty about Britain’s looming exit from the European Union has pushed growth in the construction sector to its weakest level in ten months. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) slid to 50.6 last month from 52.8 in December, its worst level since the industry was hit by snow last March. Commercial construction project work was the worst affected in January and fell for the first time in ten months. Residential work only saw a “modest” expansion and civil engineering activity grew “marginally,” according to the survey. “UK construction growth shifted down a gear at the start of 2019, with weaker conditions signalled across all three main categories of activity,” said Tim…

Source: The Times February 04, 2019 12:00 UTC