Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Politics News

UK construction output in ‘contraction territory’ for first time since pandemic

by
August 5, 2022
in Politics News
0
UK construction output in ‘contraction territory’ for first time since pandemic
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The UK’s construction output has fallen for the first time since last January, according to US analytics giant S&P Global.

Despite healthy employment rates in the country, civil engineering and housing activity declined in July amid spiralling inflation which has hit raw materials, fuel and labour.

Gareth Belsham, director of property consultancy and surveyors Naismiths, said that “it’s hard to sugar-coat these disappointing figures.”

Falling confidence amid a gloomy economic landscape in the UK, as analysts forecast a recession to come, has “finally tipped the construction sector into contraction territory for the first time since the lockdown affected days of January 2021,” Belsham explained.


ShareTweetPin

Related Posts

Microsoft and Airbnb commit to supporting a lasting legacy for West Midlands
Politics News

Microsoft and Airbnb commit to supporting a lasting legacy for West Midlands

August 11, 2022
RiskSmart raises £1m to launch SME risk managment platform in UK
Politics News

RiskSmart raises £1m to launch SME risk managment platform in UK

August 11, 2022
Podcast services startup Auddy raises £2.5m
Politics News

Podcast services startup Auddy raises £2.5m

August 11, 2022
Events startup Pollen enters administration months after raising £124m
Politics News

Events startup Pollen enters administration months after raising £124m

August 11, 2022
UK government must tackle digital poverty to close skills gap
Politics News

UK government must tackle digital poverty to close skills gap

August 11, 2022
1 in 4 shop workers skip meals each month to pay bills
Politics News

1 in 4 shop workers skip meals each month to pay bills

August 11, 2022
Next Post
Xeiandin & Alitam founder Feisal Nahaboo agrees deal to star as FBI Agent In new movie Crossfire

Xeiandin & Alitam founder Feisal Nahaboo agrees deal to star as FBI Agent In new movie Crossfire

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Why is security so important with Big Data?

October 21, 2021
U.S. Recession Likely to End Late 2020 or 2021, NABE Survey Says

U.S. Recession Likely to End Late 2020 or 2021, NABE Survey Says

August 24, 2020
Is the tax season coming? Here’s how to survive as a small business

Is the tax season coming? Here’s how to survive as a small business

July 12, 2022
Airlines will not need to spare middle seat to restart travel: EU

Airlines will not need to spare middle seat to restart travel: EU

May 13, 2020
Stitch Fix to lay off about 1,400 employees in California: WSJ

Stitch Fix to lay off about 1,400 employees in California: WSJ

June 2, 2020
German consumer morale improves slightly, job fears remain high: GfK

German consumer morale improves slightly, job fears remain high: GfK

May 26, 2020
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.