Construction buyers report September output slump

Construction buyers reported a downturn in industry output in September for the first time in three months as industry activity declined at its fastest pace since May 2020.
All three main segments of construction work posted a reduction in business activity, led by a steep and accelerated fall in house building.
The bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index registered 45.0 in September, down sharply from 50.8 in August and below the neutral 50.0 value for th