Construction activity falls for first time in almost a year

By Jordan Marshall2019-03-04T11:55:00

IHS Markit/CIPS survey finds Brexit uncertainty has slowed decision-making on commercial projects

Construction activity has slowed for the first time in almost a year with Brexit being blamed for the slowdown.

Business activity levels fell during February, which ended a 10 month period of sustained expansion, according to the IHS Markit/CIPS construction PMI February update.

Brexit was blamed for the activity index falling from 50.6 to 49.5 in February, meaning it fell below the 50.0 no-change threshold for the first time since the Beast from the East last March.

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