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It has been reported that growth for British building companies fell to the lowest level in a year in November as confidence took a hit from worries about the economic outlook.
Construction groups will be hoping that Chancellor George Osborne confirms more spending on infrastructure and housebuilding projects in his autumn statement on Wednesday after a survey showed a slowdown in new business growth.
Despite the let-up, builders continued to struggle to get the materials and workers needed with prices charged by subcontractors such as bricklayers increasing at a record pace.
The headline activity measure dropped to 59.4 in November from 61.4 in October on the Markit/CIPS UK Construction PMI. That signalled the slowest growth for 13 months and missed City forecasts for a reading of 61.0 but it was still well above the 50-mark that separates growth from contraction.
The slowdown was felt in all three main areas of construction with civil engineering hit hardest: it grew at the slowest pace since July 2013. Housebuilding was the strongest area but activity there also grew at the softest pace for more than a year. Commercial construction growth also fell to a 13-month low.
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