UK construction activity in July falls at steepest rate since Covid

The UK construction sector experienced a significant decline in activity in July, with the steepest drop since the height of the COVID-19 pandemic. The data from S&P Global Market Intelligence revealed a particularly sharp collapse in housebuilding, underscoring the challenge the government faces in meeting its target of building 1.5 million new homes. This slowdown in construction activity highlights the ongoing challenges faced by the industry as it navigates the economic landscape.
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