The UK construction activity contracted at the fastest pace since May 2020 amid rising borrowing costs and weak demand, survey results from S&P Global showed on Thursday.
The UK service sector contracted the most since January largely due to subdued demand and cutbacks to non-essential spending among clients, final survey results published by S&P Global revealed on Wednesday.
The British construction sector expansion slowed in August as the growth in the commercial and civil engineering segments were not strong enough to offset a steep slump in house building and sharply weakening demand due to rising borrowing costs, the purchasing managers' survey results from S&P Global showed on Wednesday.
The UK private sector entered the contraction territory in August ending a six-month period of expansion as sluggish domestic economic conditions as well as higher interest rates damped demand, a closely watched survey showed Wednesday.
By Anthony O. Goriainoff Premier Miton Group said Friday that assets under management declined in the third quarter of fiscal 2023 as investors reduced.