India, July 4 -- UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday.
The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
There were accelerated rates of contraction in the commercial and civil engineering segments. Commercial work fell at the fastest pace since May 2020 due to subdued economic conditions and cutbacks to investment spending.
Civil engineering posted the sixth straight decline and became the weakest performing area of the construction sector. House building was the only...