The British construction sector expansion slowed in August as the growth in the commercial and civil engineering segments were not strong enough to offset a steep slump in house building and sharply weakening demand due to rising borrowing costs, the purchasing managers' survey results from S&P Global showed on Wednesday.
The Chartered Institute of Procurement & Supply Construction Purchasing Managers' Index, or PMI, dropped to 50.8 in August from 51.7 in July. The score was expected to fall to 50.5.
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