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Daily Telegraph: "Surprise contraction in UK construction"

Link to Daily Telegraph

"Britain's construction sector activity fell unexpectedly last month, as new orders slumped at the fastest pace since the height of the 2008 financial crisis, a further blow to the Chancellor's recovery plans.

"Tim Moore, senior economist at survey compiler Markit, said:
"August data reaffirms that UK construction firms are suffering a prolonged downturn in new work and there is little evidence to suggest an imminent rebound in output levels.

Most worryingly, the latest drop in new orders was the fastest since the sector was in full-scale retreat in early 2009."

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