UK construction shrinks again as economy feels inflation heat-PMI
British construction companies suffered a second straight month of contraction in the face of deep uncertainty about the outlook for the inflation-hit economy, a survey showed on Tuesday.
The S&P Global/CIPS construction Purchasing Managers’ Index (PMI) came in at 49.2 in August, edging up from 48.9 in July but staying below the 50.0 threshold denoting growth.
Economists polled by Reuters had forecast a fall to 48.0.
Read more at Reuters
