EU referendum fears trigger first decline in UK construction orders since 2013 – Markit
Cranes tower above construction sites in the financial district of the City of London, in Britain February 13, 2016. REUTERS/Hannah McKay June 2, 2016 LONDON (Reuters) – British construction orders fell last month for the first time in more than three years, as concern about a June 23 referendum on whether Britain should remain a member of the European Union prompted companies to put off new projects, industry figures showed on Thursday. Financial data company Markit said its monthly survey of construction purchasing managers showed the weakest overall growth in activity growth since June 2013, with its headline construction PMI dropping to 51.2 from April’s 52.0. Economists in a Reuters poll had expected the index to hold steady at 52.0 in May. The new orders component fell especially sharply, dropping to 48.1 from 50.1, its first time since April 2013 below the 50-mark that separates growth from contraction and the lowest index reading since March 2...