The output data that was published last week showed that although the services sector has seen a significant rise in productivity, manufacturing output still is in contraction.However, the “third leg” of the country’s GDP, construction, is going through another major downturn.It would be simple to blame Brexit and the number of tradesmen from the mainland who have left the country since the UK left the EU, but the issue is more systemic than that.The two main subdivisions of the sector, private sector new builds and repair and maintenance, are expected to contract by 2.1% this year. As with several other areas of the economy, the high-interest rates have made mortgages expensive, while home improvements, the creation of additional space in domestic homes, through loft conversions and extensions, have been badly hit.Beyond Currency Market Commentary:Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.