Growth in the construction industry slowed last month for the first time since September.
Uncertainty over Brexit and the future trading relationship between Britain and the European Union was blamed for moderate fall in commercial building work, continuing a downward trend that began in July.
The slowdown was outlined in the purchasing managers’ index for construction, a closely watched survey of the health of the sector. The industry makes up about only 7 per cent of the economy, but developers’ investment decisions are an indicator of how optimistic businesses are about Britain’s confidence and prospects.
The survey’s measure slipped to a balance of 52.2 in December, after hitting a five-month high of 53.1 in November. Any reading above 50 indicates growth, while a figure below represents contraction.