Construction activity sees steep drop

Construction activity in June showed the steepest drop in over ten years according to the latest statistics from IHS Markit/CIPS.

Alarm bells are sounding in the industry after June showed the weakest month since April 2009, with the headline seasonally adjusted IHS Markit/CIPS Construction Total Activity Index posting at 43.1. This is a sharp drop from May’s 48.6 Index register – and well below the 50.0 no change marker that the industry has been hovering around for some time.

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