UK PMI construction recovered to 49.2, but further weakness ahead

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UK PMI construction recovered to 49.2, but further weakness ahead

UK PMI Construction recovered from 48.9 to 49.2 in August, above expectation of 48.0. S&P Global noted that activity was down for the second month running. New orders and employment had softer rises. But supply-chain disruption and inflationary pressures eased. Andrew Harker, Economics Director at S&P Global Market Intelligence, said: “The UK construction sector looks […]

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Source: UK PMI construction recovered to 49.2, but further weakness ahead