UK Construction output declines again

From markiteconomics.com

September data suggested that the UK construction sector remained rooted in contraction territory, with output and new business levels declining since the previous month. Employment in the sector was relatively resilient in September, but confidence in the business outlook was again much lower than at any time prior to mid-2008. Stronger cost pressures placed an added burden on construction companies, with the rate of inflation hitting a six-month high, while low stocks at suppliers resulted in another lengthening of lead-times for raw materials. Adjusted for seasonal factors, Markit/CIPS Construction Purchasing ... (full story)