Pursuits
U.K. Construction Unexpectedly Slows as Homebuilding Slumps
Construction work in London.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
U.K. construction grew at its slowest pace in 10 months in February as customers put off projects and builders curtailed hiring in response to an uncertain outlook.
Markit Economics said on Wednesday that its Purchasing Managers’ Index dropped to 54.2 from 55 in January, with a reading above 50 indicating expansion. Economists had forecast an increase to 55.5, according to the median estimate in a Bloomberg survey.