Housing slump sees output fall at faster pace in August

The continuing slump in the residential sector saw the bellwether S&P Global UK Construction Purchasing Managers’ Index drop to 44.3 in August from 44.7 in July.
Buyers reported below the neutral 50.0 value for the twentieth successive month amid subdued demand conditions and a reduction in new projects – particularly house building starts.
All three sub-sectors recorded a reduction in construction activity during August, but housing was the only category to register a faster pac