The UK construction activity contracted at the fastest pace since May 2020 amid rising borrowing costs and weak demand, survey results from S&P Global showed on Thursday.
The Chartered Institute of Procurement & Supply construction Purchasing Managers' Index posted 45.0 in September, down from 50.8 in August. The score fell below the neutral 50.0 mark for the first time since June.
Residential work was the worst performing area of the construction sector. This was followed by civil engineering activity.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.