Growth momentum softened across the UK construction sector in November, with output, new business and employment all rising at slower rates than in the previous month. At 55.3, the headline seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI® ) was down from 58.8 in October and signalled the slowest expansion of business activity for seven months. Aside from the pre-election slowdown seen in April, overall output growth was the weakest since mid- 2013. All three broad areas of construction activity experienced a slowdown in output growth during November. Residential building activity ... (full story)