Hopes rise as construction output decline eases to slowest rate in four months

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Bellwether index records stronger performance in commercial, residential and infrastructure sectors

An uptick in construction output last month has raised hopes that the sector could be moving out of a prolonged downturn, a bellwether index has found.

The S&P Global UK Construction purchasing managers’ index jumped to 44.7 in July from 38.4 in June, the slowest rate of output contraction in four months, while input price inflation eased to a five-month low after May’s near four-year high.

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