UK construction may weaken as Brexit inflation bites

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London - Britain’s construction industry showed signs of weakness last month, with a gauge of demand dropping for a second month.

Some respondents to IHS Markit’s monthly survey said that rising input costs had an “adverse impact” on decision-making and led to delays in contracts. The “intense” inflation was largely due to imports, reflecting the impact of the pound’s decline since the Brexit vote in June.

Markit said its overall index of construction activity rose to 52.5 from 52.2 in January, staying above the 50 level that divides expansion from contraction.

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