Construction hit by wet weather as low housebuilding weakens output

The construction sector was hit by “exceptionally wet weather” in February that caused delays and led to a decline in output, new research has shown.  S&P Global’s purchasing managers’ index (PMI) showed the beleaguered sector suffered from an “accelerated downturn” in output last month.  The construction PMI dropped to 44.5, below the 50-figure mark for [...]