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Construction Sector Optimism Fades

Construction Sector Optimism Fades as housing market cools

Britain’s builders enjoyed their strongest run in 17 years in the third quarter but there are signs that growth will slow as the housing market cools.

The construction sector has grown consistently for the past year and a half, but optimism among companies plummeted in September on outlook fears.

Chris Williamson chief Markit economist said: “Construction firms’ optimism in relation to the outlook fell to the lowest for nearly a year in September, sullied by concerns over a slowing housing market, shortages of both skilled labour and suitable subcontractors, higher interest rates and a general weakening of growth in the wider economy.”  Click here for more.

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