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UK construction output declines again in July
UK construction sector output declined for the third month running in July, reflecting lower volumes of work across all three broad categories of activity. The latest survey also revealed a sharp drop in new order intakes, which survey respondents mainly attributed to subdued economic conditions and domestic political uncertainty. Weaker demand contributed to a slide in business optimism towards the year-ahead outlook for construction activity, with the degree of confidence the lowest since November 2012. At 45.3 in July, the headline seasonally adjusted IHS Markit/ CIPS UK Construction Total Activity Index posted ... (full story)