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U.K. construction expands at slowest pace in eight months as demand ebbed

Posted on 05 September 2011

U.K. construction grew at the slowest pace in eight months in August as demand weakened and homebuilding contracted further.
A gauge of building activity based on a survey of purchasing managers slipped to 52.6 from 53.5 in July, Markit Economics Ltd. and the Chartered Institute of Purchasing and Supply said today in a report in London. A reading above 50 indicates expansion. A measure of new orders fell to the lowest since January……………………………………….Full Article: Source


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