By Daniel Hunter

Figures released by the Office for National Statistics (ONS) today (Friday) have shown that activity in the construction sector, which has been a significant drag on UK growth, contracted again in August.

Compared with the same time last year activity was down 11.6%, and 0.9% from July's level.

The figures agree with Markit's PMI construction survey, which also showed the sector contracting in August.

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