UK PMI construction fell to 45.5, ongoing sectoral downturn

UK PMI Construction ticked down from 45.6 to 45.5 in November, remaining below the neutral 50 mark and underperforming against the expected 47.1. This level indicates continued contraction in the construction sector for the third month, marking it as the second-lowest reading since May 2020. Tim Moore of S&P Global Market Intelligence highlighted the sector’s […]

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