UK Construction PMI fell to 51.1 points in August from 51.9 points in July, below expectations of a 52 point increase. Today's reading is the lowest in a year, just after a referendum on the EU membership.
The housing sector recorded strong growth in August but that growth was offset by a sharp slowdown in the commercial sector and the volume of new business fell for the second month in a row. New activity and business have been affected by increasing uncertainty and weak investment levels in companies.
Also, there was evidence of slowing government spending and continued uncertainty about Brexit, severely hampering activity and weakening job creation at its slowest pace since July 2016.