United Kingdom: PMI construction contracted more than predicted

Market news

1 November 2014

United Kingdom: PMI construction contracted more than predicted

Momentum in one of U.K.'s important growth sectors declined more than analysts had predicted growing at the slowest pace in more than twelve months. U.K. activity in the construction sector shrank seasonally adjusted to 59.4 for November according to the index from a reading of 61.4 in October and below forecasts of 61.2 fuelling doubts on economic growth and a positive economic outlook.

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