LONDON, October 6 (Hfrance.fr) - The rise in prices, the disruption of theSenior procurement and staff shortages held back the recovery of the UK construction sector last month, according to a survey on Wednesday, adding to signs that economic growth has taken a hit recently.
The IHS Markit / CIPS UK Construction Purchasing Managers (PMI) index fell to an eight-month low of 52.6 in September from 55.2 in August. An Hfrance.fr survey of economists had indicated a reading of 54.0.
The survey showed that the construction activity slowed down in the housing construction, trade and civil engineering sectors.
The costs borne by construction companies have risen sharply in September, with 78% of respondents reporting an increase in input prices.
"The volatile price and supply environment started hinderingThe arrival of new companies, as construction companies revised their cost forecasts and some customers delayed their decisions on awarding contracts, "said Tim Moore, director of IHS Markit.
"As a result, the latest survey data indicated the worst month for order books since the January lockdown.
The all-sector PMI, which combines the construction survey with those of the service and manufacturing sectors, edged down to 54.7 - the latest reading lowest since February. Report by Andy Bruce; Editing by Toby Chopra
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