Construction sector continues decline in December, but pace slows – survey

Business | Business News The long-running woes for UK builders continued in December, but showed some signs of coming off recent lows, a new survey has suggested. Construction companies reported a recent slump in housebuilding continued last month, but the firms started hiring a little more, hopeful that 2024 might bring better conditions. The latest S&P Global/ CIPS construction purchasing managers’ index scored 46.8 in December, up from 45.5 in November. Analysts had expected a score of 46.4. Any score that is lower than 50 means that the sector is contracting, the further below 50 it gets the faster that contraction is…