- United Kingdom: PMI construction contracted more than predicted
Market news
2 December 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 a year. 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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