Buyers see brighter days ahead despite resi slump

Confidence levels among construction buyers reached their highest point for six months in January despite output suffering its fastest fall since May 2020.
The latest bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index dropped to 48.4 in January from 48.8 in December and was below the neutral 50.0 threshold for the second month running.
House building led the decline at 44.8 with the steepest rate of contraction in the sector since May 2020.Commercial activity decline