-
UK construction output growth slows in April
UK construction companies indicated a sharp loss of growth momentum in April, with output and new order expanding at the slowest rates since June 2013. A number of survey respondents suggested that uncertainty related to the forthcoming general election had contributed to delays in clients’ spending decisions. However, construction sector job creation remained robust in April and there were widespread reports of worsening capacity pressures. This contributed to another drop in sub-contractor availability and a corresponding increase in sub-contractor pay rates, with the latest rise the fastest since the survey ... (full story)