UK construction sector reduces activity in January

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Growth of activity in the UK construction sector in January fell to its lowest level since March 2018. The lack of agreement on Brexit led to a drop in the business activity index. The figure fell from 52.8 in December to 50.6 in January. Analysts had predicted a value of 52.4 points. Activity in the commercial real estate sector declined for the first time since March, when projects suffered from low temperatures. The level of employment in construction has grown at the slowest pace since July 2016, when the Brexit referendum was held. The study of the manufacturing sector showed a similar result. Development in manufacturing has slowed amid uncertainty over Brexit. British Prime Minister, Theresa May, plans to resume discussions on the conditions for a country's exit from the EU.

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