Mha

UK construction output fell at a faster pace in February as a deepening slump in housebuilding dragged the sector back into sharper contraction, according to the latest S&P Global UK Construction PMI.

The UK construction industry endured its steepest contraction in more than five years during November, as weak client confidence and delayed spending decisions ahead of the Budget weighed heavily on activity.

UK construction companies indicated a loss of momentum at the end of 2024, according to the latest figures from the S&P Global UK Construction Purchasing Managers’ Index (PMI).

Output growth across the UK’s construction sector slowed considerably during last month after reaching a 29-month high during September, the latest PMI data has indicated.

Five jobs have been lost and homeowners have been left out of pocket as Elgin-based Morlich Homes Ltd enters liquidation. At a board meeting earlier this month, the north east housebuilder, which was incorporated in December 2010, made the decision to move to a formal liquidation process.