Britain's construction industry suffered its sharpest downturn in seven years last month, according to another business survey on Tuesday which suggests the economy is at risk of recession after June's Brexit vote.
The Markit/CIPS UK Construction Purchasing Managers' Index (PMI) inched down to 45.9 in July from 46.0 in June -- the lowest reading since June 2009 and some way below the 50 mark that divides growth from contraction.
While better than all forecasts in a Reuters poll of economists that pointed to a reading of 43.8, the PMI -- collated entirely after the June 23 referendum -- showed commercial construction dwindled and confidence flagged.
Source: Reuters
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