Jobs at risk as construction activity falls by fastest rate since early months of the pandemic

By Tom Lowe2023-01-06T11:59:00

New orders fall by sharpest rate in two and a half years as industry’s defiance of downturn in the wider economy peters out

UK construction activity fell in December by the fastest rate since the early months of the covid pandemic amid weakening client demand and ongoing inflationary pressures.

Firms cut jobs for the first time since January 2021 as new orders fell further than at any time over the past two and a half years, according to the latest S&P Global / CIPS UK Construction PMI figures.

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