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UK Construction Sector Slump Slightly

in International Business

UK Construction Sector Slump Slightly

According to the recent figures, the construction sector in the UK fell by 6.3% in May, compared with the same month last year.

The dawdling growth of the sector is due to the fall in the new public works, which fell by 22%. This reflects the impact of spending cuts from the government side.

With the new businesses dropping sharply, the sector will take longer to recover.

The Production Manufacturing Index (PMI) for the UK fell to its three-year low in July, standing at 50.9



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