Brexit blamed for shock construction slump

OECD warns UK has highest inflation rate of world’s top economies

Construction workers build new houses on a housing development in Middlewich, England
(Image credit: Christopher Furlong/Getty Images)

Continuing uncertainty over the economy in the wake of the Brexit vote has been blamed for a shock fall in construction activity.

September’s figures mark the first time since before June 2016 the Purchasing Managers’ Index (PMI) has slumped to 48.1, below the 50 mark that separates growth from contraction.

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