New work in housebuilding bucked the trend by rising at a robust pace and faster than last month Gareth Fuller/PAThe UK’s construction sector is experiencing the sharpest slowdown in growth in a year as new commercial building work dries up in the face of Brexit uncertainty, according to a closely watched survey. The purchasing managers’ index for construction surprised economists by slipping from a reading of 51.9 in July to 51.1 in August. This marked the third consecutive drop in the monthly construction PMI reading. A key reason for the slowdown was a lack of new orders to replace completed projects. This is partly because of the timeframe involved in commercial work,…

Source: The Times September 04, 2017 11:03 UTC