Fewer supply shortages contributed to the slowest rate of input price inflation for nine months.
The headline seasonally adjusted IHS Markit/CIPS UK Construction PMI® Total Activity Index posted 54.3 in December, to remain above the crucial 50.0 no-change threshold. However, the latest reading was down from 55.5 in November and signalled the weakest rate of expansion for three months. Some survey respondents noted that tighter pandemic restrictions and rising COVID-19 cases had acted as a brake on recovery, especially in the commercial sector.
The full IHS Markit/CIPS UK Construction Total Activity Report is attached.
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