Industry suffers 20 months of decline

摘要

Construction activity declined for the 20th month running in October - and industry figures have warned of worse to follow.rnThe respected Purchasing Managers' Index, from the Chartered Institute of Purchasing and Supply and Markit, recorded a reading of 46.2 for October, down from September's figure of 47.rnIt is the 20th month in a row that the reading has been below the 50 mark, meaning overall activity fell. It is also the third month running that the reading itself has fallen, suggesting the rate of decline is speeding up again, if only marginally.