Construction buyers see first signs of a turnaround

Construction buyers saw output levels fall at the slowest rate since March last month as first signs of an industry turnaround appeared.
The bellwether S&P Global UK Construction Purchasing Managers’ Index was 44.7 in July, up from 38.4 in June but still below the 50 growth threshold.
Much slower rates of contraction were seen in all three main sub-sectors in July. Commercial work (index at 46.8) showed the greatest resilience, while civil engineering activity again saw the steepest pa