Britain’s construction sector returned to growth in July but house-builders suffered another sharp contraction due to higher interest rates and fears about the outlook for the economy, a survey showed on Friday.
The S&P Global/CIPS construction Purchasing Managers’ Index (PMI) recovered to 51.7, its highest level since February and up from June’s five-month low of 48.9.
Read More : UK House-Building Declines Again Amidst Impact of Rate Hikes: PMI