Subcontractor prices fall for first time in over three years

Construction buyers have seen the first fall in subcontractor prices in just over three years as output fell again sharply in October.
The steep fall in house building is continuing to weigh heavily on overall construction activity. Also fragile client confidence and elevated borrowing costs were blamed for the fall in new work for the third month running
The bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index registered 45.6 in October, up slightly from 45.0 in Septe