UK PMI construction fell to 48.9, contracts on rising borrowing costs and weaker housing market

<p>UK’s construction sector faced a downturn in June as PMI fell from 51.6 in May to 48.9, falling short of 50.9 expectation. This marks the first contraction in construction activity in five months, driven primarily by the fastest decline in residential work witnessed in over three years. Tim Moore, Economics Director at S&P Global Market […]</p>
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