forex.pm forex forum binary options trade - Forex - UK August construction PMI 49.2 vs 48.0 expected
  • Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

UK August construction PMI 49.2 vs 48.0 expected

Started by forex4you, Sep 06, 2022, 04:36 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

UK August construction PMI 49.2 vs 48.0 expected

<ul><li>Prior 48.9</li></ul><p style="" class="text-align-justify">Despite being a beat on estimates, this is another soft report with new order growth being the slowest since June 2020. S&P Global notes that:</p><p style="" class="text-align-justify">"The UK construction sector looks set to be in for a challenging period, according to the latest PMI data. Not only did construction activity fall for the second month running, but a range of indicators from the survey pointed to further weakness ahead. New orders slowed to a crawl, while concerns about the sector and the wider economy led to a drop in confidence. </p><p style="" class="text-align-justify">"Activity weakness was broad-based in August, with none of the three monitored categories immune to the wider slowdown. Commercial activity dropped into contraction for the first time in just over a year-and-a-half, and while housing activity ticked higher, the segment has been in broad stagnation over the past three months. </p><p style="" class="text-align-justify">"Price and supply pressures showed further signs of easing as waning demand throughout the sector lifted pressure on suppliers. Meanwhile, the main positive from the latest survey was a solid increase in employment. That said, hiring at least in part reflects an ongoing catch-up following the pandemic. If activity continues to fall, firms will likely soon feel that their staffing capacity is sufficient and pause hiring."</p><p>/<a href="https://www.forexlive.com/terms/g/gbp/" target="_blank" id="3a5ab7c1-ff09-45ea-87d4-eea6613bb754_1" class="terms__main-term">GBP</a></p>

                This article was written by Justin Low at forexlive.com.

Source: UK August construction PMI 49.2 vs 48.0 expected

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com