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
20
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

Over 1,000 regional businesses are fending off cyber-attacks with police-led cyber resilience
Politics News

Over 1,000 regional businesses are fending off cyber-attacks with police-led cyber resilience

August 23, 2022
British Airways to cancel further flights up to the end of October
Politics News

British Airways to cancel further flights up to the end of October

August 23, 2022
Microsoft in trademark row with UK children’s reading firm Word Windows
Politics News

Microsoft in trademark row with UK children’s reading firm Word Windows

August 23, 2022
Crypto fraud revenues drop 65% following market meltdown
Politics News

Crypto fraud revenues drop 65% following market meltdown

August 23, 2022
Key UK mortgage rate passes 4% for the first time since 2013
Politics News

Key UK mortgage rate passes 4% for the first time since 2013

August 23, 2022
6m disabled people in UK to get £150 cost of living payment in September
Politics News

6m disabled people in UK to get £150 cost of living payment in September

August 23, 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

IAEA chief condemns shelling at nuclear power plant in Ukraine

IAEA chief condemns shelling at nuclear power plant in Ukraine

August 7, 2022
Gov’t borrowing falls 43.38% at end of May

Gov’t borrowing falls 43.38% at end of May

July 10, 2022
Branden Grace fires 65 to claim LIV Portland

Branden Grace fires 65 to claim LIV Portland

July 3, 2022
Preserving cultural heritage in a modern world

Preserving cultural heritage in a modern world

August 4, 2022
T.M. Lewin: Can your clothing really affect your success in life? Let’s discuss

T.M. Lewin: Can your clothing really affect your success in life? Let’s discuss

July 21, 2022
Rookie swimmer Alegarbes splashes to record-breaking golden double in Para Games

Rookie swimmer Alegarbes splashes to record-breaking golden double in Para Games

August 2, 2022
  • 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.