Construction industry starts to ‘stabilise’ after steep downturn

The construction industry is beginning to stabilise following a steep downturn. In July, slower rates of decline were recorded across the board, with the housebuilding sector leading this trend. Activity within housebuilding has reached its highest level since October, contributing to the overall stabilisation of the sector. These figures indicate a broad reduction in the pace of decline across the industry as it recovers from the previous period of significant contraction and instability.