NEWS: Subdued housebuilding activity persists amid affordability crunch
The headline construction PMI in July jumped to 44.7, up from 38.4 in June. However, it remained below the 50-point threshold, signalling a further month of contraction across the sector. Slower rates of contraction were seen across housebuilding (41.8), commercial work (46.8) and civil engineering activity (38.3), suggesting early signs of stabilisation.
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