UK construction sector declined in September
Building industry output declined last month.
Britain’s construction sector continued to decline in September, a survey showed today, as residential building saw its biggest fall in nearly two years.
The Markit/CIPS survey recorded a reading of 49.5 in September, which is an improvement on the previous month's reading of 49 but still represents a decline in output as it falls below the no-change 50 mark.
Residential building was the worst performing category, continuing the trend seen throughout most of 2012, registering the worst drop since December 2010.
Commercial building also dropped at its fastest rate for just over two and a half years, although a return to civil engineering growth helped soften the overall downturn.
Economists said the figures knocked confidence that the nation's builders would eke out growth in the third quarter after dragging on the wider economy for a several months running.
Howard Archer, chief UK and European economist at IHS Global Insight, said: "The construction sector continues to be hampered by major headwinds, notably including public spending cuts, a weak economy, a struggling housing sector, and problems in getting funding for large-scale projects."
"Asimov's three laws of robotics debuted in a story set this year, in 2015. Will real robots be most like Robby, Terminator or the Synths?"
- 3D printing to improve properties of optical fibres
- Siemens launches largest hydrogen energy storage plant
- Redacted fracking report finally reveals risks
- Global mobile payment app developed for public transport
- Contactless micro-donations raise £30K for London youth charities
- Tyre friction could generate energy for nano-generators in cars
- Test [06:22 pm 20/03/15]
- Test [06:20 pm 20/03/15]
- What to Specialise in Electronics Engineering?? [03:02 am 03/04/14]
- Britain to have just one remaining coal pit by the end of 2015 [01:11 am 03/04/14]
- LV Generator Star point earthing - UK [08:35 pm 02/04/14]