Whilst still indicating growth in the construction industry, the Markit/CIPS UK construction Purchasing Managers' Index fell in October.


Tim Moore, senior economist at Markit said: “October's survey provides the first indication that the chill winds blowing across the UK housing market have started to weigh on the booming residential building sector.”


The slowdown in the UK’s construction sector was sharper than expected in October, with the slowdown in the housing market starting to have an impact in the construction of new homes, the decline was noticeably sharper than forecasts had been however the industry in general is still growing at a rate that would suggest confidence in the market.


The Construction Products Association, which represents the interests of the construction supplies industry has estimated there will be growth in the construction industry of around 5.4% in 2015 which is considerably stronger than the predictions for the rate of growth in the UK’s economy as a whole (the British Chamber of Commerce estimates we’d see a 2.7% growth rate for the UK’s economy in 2015).