UK homebuilders cut back on constructions over fear of mortgage rise
Al Mayadeen English
3 min readThe construction sector purchasing managers’ index indicates housebuilding activity in May at 42.7, down from 43.0 the month prior - a below-50 reading means that output is minimizing rather than expanding.
The Bank of England's quarterly report is aggregated from data on mortgage lending activities provided by around 340 lenders (AFP)
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