Building Industry Still Struggling to Recover

Summary


THE struggling construction sector was yesterday labelled the "sick man of the UK economy", despite its pace of decline easing in August.

The Chartered Institute of Purchasing and Supply's (CIPS) activity index registered 47.7 during the month - signalling industry contraction, but at the slowest rate in 18 months. Easing conditions in housebuilding and commercial activity were, however, offset by a worse-thanexpected fall in civil engineering work, CIPS said.

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Extract


Building Industry Still Struggling to Recover

Chief executive David Noble said: "Though August saw a re...

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