Construction sector likely to be hit by bad weather

Activity in Britain’s construction sector is likely to have been affected by the worst flooding in 60 years, a member of the Bank of England’s rate-setting Monetary Policy Committee has warned.Ian McCafferty said that while the construction sector had staged a revival recently after being devastated in the global downturn, it might be a “less positive” contributor to growth in the first three months of this year. He said there may be a short-term impact on some aspects of construction, adding that he was not yet sure if it would change the overall growth rate for the first quarter.