Construction contracts again

New orders in the UK construction sector dropped further in November as political insecurity put projects on hold. The barometer for construction activity, the pithily-named IHS Markit/CIPS UK purchasing managers sub-index, showed a fall to 43.95 in November, down from 44.61 in October. It marks the eighth consecutive month of contraction and the longest phase of decline since 2013. The FT (£)