The S&P Global/CIPS UK Construction PMI for November was 50.4. 50.0 = no monthly change so November’s index represents marginal growth for the third consecutive month but its lowest level since the slight decline in August and significantly lower than the 53.2 registered in October.

Of the 3 sectors that the PMI cover, commercial work was the only sector to register rise in activity in November (51.1). House building activity remained flat (50.0) after 3 consecutive months of growth with construction companies reporting that higher mortgage rates and falling consumer confidence holding back residential activity. Civil engineering activity (46.7) declined for the fifth consecutive month with survey respondents reporting a lack of new work to replace completed projects.

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