House building holds back construction growth

Construction buyers reported a slowdown in growth last month as residential work acted as a brake on industry activity.
The headline S&P Global/CIPS UK Construction Purchasing Managers’ Index registered 56.4 in May – down from 58.2 in April and the lowest reading for fourmonths.
It was still in growth territory above the crucial 50 no-change mark but business activity expectations at construction companies were the least upbeat since August 2020.Buyers reported the worst performa