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UK construction growth hits three-month low in December, PMI shows

Published 01/03/2019, 11:00 AM
© Reuters.  UK construction growth hits three-month low in December, PMI shows
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  • UK Construction PMI fell to 52.8 from 53.4 in November, broadly in line with the consensus expectation of 52.9, though businesses struck a more upbeat tone for the coming year despite Brexit uncertainty delaying commercial projects.
  • "Subdued domestic economic conditions and an intense headwind from political uncertainty resulted in the weakest upturn in commercial work for seven months," IHS Markit economist Tim Moore said.
  • Businesses in the much larger services sector reported the slowest sales growth in two years during the final three months of 2018, another sign of a slowing economy ahead of Brexit, the British Chambers of Commerce reported earlier on Thursday.
  • Source: Investing.com
  • ETFs: FXB, EWU, OTC:GBB, DBUK, FKU, EWUS, HEWU, QGBR, DGBP, FLGB, UGBP
  • Now read: Is The Pound Setting Up For A Significant Recovery Rally?


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