UK Construction Activity Falls at Fastest Rate Since Pandemic
July sees steepest decline in five years amid economic headwinds
Construction output in the United Kingdom has plummeted at its fastest rate since the height of the COVID-19 pandemic, according to new industry data.
The downturn, driven by rising costs, labour shortages, and reduced demand, marks the steepest monthly decline in five years.
Builders and developers are calling for government support to stabilize the sector amid fears of prolonged slowdown.
The downturn, driven by rising costs, labour shortages, and reduced demand, marks the steepest monthly decline in five years.
Builders and developers are calling for government support to stabilize the sector amid fears of prolonged slowdown.
