Construction slump fuels post-Brexit slowdown fears
Construction output fell more than expected in May, adding to concerns that the economy is in line for a sharp slowdown following the vote to quit the European Union.
Output contracted 2.1 per cent compared to April and 1.9 per cent year-on-year, according to figures from the Office for National Statistics (ONS).
The disappointing numbers came in below economists’ forecasts and follow last month’s Markit/Cips PMI survey, which also showed a contraction in activity.
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