UK Construction Sector Growth Weakens In October
LIKE.TG 成立于2020年，总部位于马来西亚，是首家汇集全球互联网产品，提供一站式软件产品解决方案的综合性品牌。唯一官方网站：www.like.tg
(RTTNews) - The UK construction sector growth slowed notably in October but overall industry activity remained solid on civil engineering work, survey results from S&P Global showed on Wednesday.
The construction Purchasing Managers' Index posted 54.3 in October, down from 57.2 in September. The index signaled expansion for the eighth consecutive month.
Civil engineering was the best-performing category. Commercial work also increased but the growth was the weakest since the current sequence of expansion began in April.
House building was the only category to post a fall in output in October. This was the first fall in residential activity since June as high borrowing costs and uncertainty ahead of the Autumn Budget constrained demand.
Although new work increased at a solid pace, the growth was softer than the two-and-a-half year high seen in September. Political uncertainty and subdued household demand due to cost-of-living pressures limited new order growth.
In order to meet higher activity, firms recruited additional staff. The rate of job creation rose to a three-month high.
Construction companies continued to support their purchasing activity in October, which was mainly linked to greater workloads and forthcoming new project starts.
Suppliers' delivery times improved marginally in October and lead times shortened in each of the past three months.
On the price front, the survey showed that average cost burdens increased at a solid pace. The rate of inflation remained stronger than seen on average in the first half of 2024 but moderated since September.
现在关注【LIKE.TG出海指南频道】、【LIKE.TG大客户服务频道】,即可免费领取【WhatsApp、LINE、Telegram、Twitter、ZALO云控】等获客工具试用、【住宅IP、号段筛选】等免费资源，机会难得，快来解锁更多资源，助力您的业务飞速成长！点击【联系客服】
本文由LIKE.TG编辑部转载自互联网并编辑，如有侵权影响，请联系官方客服，将为您妥善处理。
This article is republished from public internet and edited by the LIKE.TG editorial department. If there is any infringement, please contact our official customer service for proper handling.
Server deployment全球论坛人工智能论坛全球峰会发展论坛战略论坛开放论坛程序员论坛互联网峰会科技峰会
