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UK July construction PMI 51.7 vs 48.0 expected

UK July construction PMI 51.7 vs 48.0 expected
Prior 48.9UK construction activity returns to growth in July, helped by the strongest rise in commercial building since February as well as solid growth in civil engineering activity. The downside to the report is that homebuilding saw another sharp contraction on the month. Despite the optimism, new orders remain rather constrained by rising borrowing costs. S&P Global notes that:"July data indicated that some parts of the UK construction sector gained momentum, notably commercial building and... Read More
Posted: Aug 4 2023, 08:30
Author Name: forexlive
Views: 112437

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