Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

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

by August 5, 2022
August 5, 2022
UK construction output in ‘contraction territory’ for first time since pandemic

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.

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

0
FacebookTwitterGoogle +Pinterest
previous post
Thousands cancel Netflix or Prime Video as UK cost of living soars
next post
MPs set to scrutinise government crypto hub plans in fresh inquiry

You may also like

Secrets of Success: Mark Sinjakli, Founder and MD...

December 4, 2023

Starmer’s vision for Britain: key pledges and missing...

July 17, 2024

How to Boost Your Online Presence with SEO...

October 26, 2023

Save on Medication: How to Safely Buy Insulin...

March 7, 2025

Amazon commits £40bn to UK expansion with new...

June 24, 2025

Why more companies are turning to recruitment agencies...

April 17, 2023

How companies can avoid the ‘product death cycle’

February 19, 2024

No US trade deal on the horizon, admits...

September 20, 2022

Entrepreneur turned away from London Tech Week for...

June 11, 2025

BBC threatens AI firm Perplexity with legal action...

June 23, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

      June 29, 2025
    • How Staff Can Strengthen HIPAA Compliance and Security

      June 29, 2025
    • Lotus denies plans to close Hethel factory amid US expansion talks

      June 29, 2025
    • Top university degrees lose sway as tech employers prioritise job-ready skills

      June 29, 2025
    • Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

      June 29, 2025
    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

      June 29, 2025

    Categories

    • Business (8,334)
    • Investing (2,081)
    • Politics (15,854)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.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.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved