UK PMI Construction dropped from 52.6 to 48.9 in July, below expectation of 52.1. That’s the first contraction reading since January 2021, and worst since May 2020. Tim Moore, Economics Director at S&P Global Market Intelligence, said: “July data illustrated that cost of living pressures, higher interest rates and increasing recession risks for the UK […]
The post UK PMI construction dropped to 48.9, first contraction since since start of 2021 appeared first on Action Forex.