UK construction growth decelerates

The construction industry in the UK slowed down in November while new orders jumped in Q3, according to official data. Construction PMI indicated the expansion in the construction activity but the pace is considerably lower than in previous month. New orders increased by 12.8% in Q3 as compared to 15.7% in Q2, according to National Statistics data. Meanwhile, CIPS construction activity index was it 52.3 in November down from 53.9 in October.