Real Estate
UK Construction Industry Turns More Optimistic as Rates Ease
- Business outlook in sector at highest since January 2022
- Purchasing manager index shows output falling at slower pace
A residential property construction site in Braintree, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Britain’s construction companies are the most optimistic in two years after a drop in market borrowing costs boosted consumer and business confidence.
The findings from S&P Global Market Intelligence’s survey of purchasing managers showed output across the sector falling in January, but those declines were less severe than expected and the most moderate in five months.