UK Construction Growth Slows

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Britain’s construction sector has posted its lowest level of growth for 17 months in December amid signs the surge in house building is starting to cool.

Figures from CIPS/Markit purchasing managers’ index survey on Monday gave a reading of 57.6 – where a figure of 50 separates growth from contraction.

It was a fall from the previous month’s 59.4 and the third month of slowing growth in a row, although it still meant the sector has posted a figure above 50 for 20 consecutive months.

UK house building was the strongest performing area in December, though its pace of growth slowed to its lowest level since June 2013.

However, the report pointed out that 2014 was the strongest calendar year of residential building since the survey began in 1997.

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