Mmastodon BusinessBusiness first seen 12 h ago, last 12 h ago, peak #4
UK construction decline slows to eight-month low
Original: UK construction industry declines at slowest rate for eight months https://www.standard.co.uk/business/business-news/pmi
The UK construction industry contracted at its slowest pace in eight months, according to the latest purchasing managers' index data. The figures suggest conditions in the sector are stabilising after a prolonged downturn, offering a modest sign of improvement for housebuilders, commercial developers and civil engineering firms facing weak demand and high costs.
Why now: The latest PMI survey shows the sector's downturn easing, which investors and businesses are reading as a possible sign of stabilisation in the UK economy.
UK construction industryStandardPMI
Evidence
- UK construction industry declines at slowest rate for eight months https://www.standard.co.uk/business/business-news/pmi-press-association-b1299700.html # Business # Economy # Construction · the_standard@robot.villas · 3
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