UK construction growth at weakest level for six months

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Britain’s construction sector suffered its weakest growth for six months in September as the &OpenCurlyDoubleQuote;Brexit blot on the landscape” held back activity&comma; according to a report&period;<&sol;p>&NewLine;<p>The closely-watched Markit&sol;CIPS UK Construction purchasing managers’ index &lpar;PMI&rpar; showed a weaker-than-expected reading of 52&period;1 in September down from 52&period;9 in August&comma; with house building losing momentum&period;<&sol;p>&NewLine;<p>A reading above 50 indicates growth&comma; but economists had expected the reading to remain at 52&period;9 according to consensus figures from Pantheon Macroeconomics&period;<&sol;p>&NewLine;<p>The report said the September data indicated the sector continues to be in a &OpenCurlyDoubleQuote;downbeat mood”&comma; with business optimism at its second lowest level since the beginning of 2013&period;<&sol;p>&NewLine;<p>This comes despite the figures showing the biggest rise in new orders since December 2016&period;<&sol;p>&NewLine;<p>&lt&semi;i&gt&semi;&OpenCurlyDoubleQuote;The Brexit blot on the landscape was still in evidence as housing activity slowed to a pre-April growth rate and clients hesitated to place orders&comma;”&lt&semi;&sol;i&gt&semi; said Duncan Brock&comma; group director at the Chartered Institute of Procurement &amp&semi; Supply &lpar;CIPS&rpar;&period;<&sol;p>&NewLine;<p>Civil engineering was the worst-performing sector&comma; as activity declined at a faster rate&period;<&sol;p>&NewLine;<p>A lack of new work to replace completed projects was blamed&comma; after a summer uplift caused in large part by work delayed earlier in the year&period;<&sol;p>&NewLine;<p>Mr Brock added&colon;&lt&semi;i&gt&semi; &OpenCurlyDoubleQuote;This tale of feast and famine offers little in the way of reassurance and is more about holding on to stable growth than a sprint to the finish&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The weakest overall activity in six months shows that caution and Brexit concern remain roadblocks to strong growth&period;&&num;8221&semi;&lt&semi;&sol;i&gt&semi;<&sol;p>&NewLine;<p>The slower growth in house building comes as Nationwide Building Society also released data on Tuesday showing property prices edged up just 0&period;3&percnt; month-on-month in September&period;<&sol;p>&NewLine;<p>Howard Archer&comma; chief economic adviser at EY ITEM Club&comma; said the weaker housing market could continue to act as a drag on construction&period;<&sol;p>&NewLine;<p>&lt&semi;i&gt&semi;&OpenCurlyDoubleQuote;There is the risk that house building activity could be pressurised by extended lacklustre housing market activity and subdued prices amid challenging fundamentals&comma;”&lt&semi;&sol;i&gt&semi; he said&period;<&sol;p>&NewLine;<p>The PMI survey of firms showed that optimism for the year ahead declined in September&period;<&sol;p>&NewLine;<p>Construction companies cited political and investor concerns about Brexit as a factor in lower confidence&period;<&sol;p>&NewLine;<p>Samuel Tombs&comma; chief UK economist at Pantheon Macroeconomics&comma; said this was supported by official data which has indicated a decline in new orders and housing starts in the second quarter&period;<&sol;p>&NewLine;<p>&lt&semi;i&gt&semi;&OpenCurlyDoubleQuote;Accordingly&comma; we doubt that the construction sector will make a positive contribution to GDP &lpar;gross domestic product&rpar; growth over the next few quarters&comma;”&lt&semi;&sol;i&gt&semi; he said&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68e33209d738c">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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