New orders fall at fastest rate in a decade

By Hamish Champ2019-09-03T12:49:00

The City's eastern cluster, viewed from PLP's offices

Source: Elizabeth Hopkirk

Industry calls on government to get EU deal done as new work plummets

Last month saw the sharpest fall in new construction work for more than a decade, according to the lastest data from IHS Markit, prompting industry figures to urge the government to end the current political uncertainty and sort out a deal with the EU.

IHS Markit’s UK Construction PMI reported new orders falling every month since April this year.

Commercial work led the decline again, fuelled by clients putting off committing to contracts amid the current political – and Brexit-related – uncertainty.

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