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Tuesday, August 4, 2015

UK construction sector growth slows

Markit survey confounds more optimistic forecasts with loss of momentum in housebuilding and civil engineeringGrowth in Britain’s construction industry has slowed unexpectedly in July, hurt by a loss of momentum in housebuilding and civil engineering, according to a new survey that highlighted the economy’s reliance on the services sector. The monthly Markit/CIPS UK construction purchasing managers’ index (PMI) published on Tuesday fell to 57.1 after hitting a four-month high of 58.1 in June, confounding a Reuters poll estimate for a rise to 58.4. Related: Greek banking shares take another hammering as Athens opens lower - live Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com