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Building slowdown at new low

By Roger Baird

Published 03/12/2015

The report added that building firms cited a decline in employment levels, new business and output.
The report added that building firms cited a decline in employment levels, new business and output.

Growth in Britain's construction sector slowed to a seven-month low in November, hurt by the weakest rise in housing activity for two-and-a-half years.

The latest Markit/CIPS Purchasing Managers' Index survey for the sector gave a reading of 55.3 last month, down from 58.8 in October. A reading above 50 indicates growth.

It said housebuilding grew at its weakest rate since June 2013, while output in commercial construction and civil engineering also slowed. The report added that building firms cited a decline in employment levels, new business and output.

The survey noted that aside from April's pre-election slowdown, overall construction output was at its weakest in more than two years.

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