UK construction activity falls at fastest pace since 2020
UK construction activity shrank at its fastest pace since 2020 as the war in Iran pushed up costs. RICS reported falling workloads and tighter profit margins.
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United Kingdom construction workloads fell to -12% in the first quarter as conflict in Iran drove up material costs. The Royal Institution of Chartered Surveyors released the reading on Thursday. The figure represents a contraction from -6% in the previous quarter.
