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3 Mar 2015
UK Construction PMi rises to a four month high
FXStreet (Mumbai) - The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) printed at 60.1 in February, beating the expectation of 59.00, and up from 59.1 in January. The activity expanded for the twenty-second successive month.
The rate of new business growth accelerated further from December’s 18-month low and was the sharpest since last October. However, uncertainties related to the outcome of the General Election had resulted in delays to spending decisions among clients. Meanwhile, the rate of employment growth in the construction sector moderated to its lowest since December 2013.
Input price inflation ticked up due to strong demand for construction materials and Capacity shortages among suppliers.
The rate of new business growth accelerated further from December’s 18-month low and was the sharpest since last October. However, uncertainties related to the outcome of the General Election had resulted in delays to spending decisions among clients. Meanwhile, the rate of employment growth in the construction sector moderated to its lowest since December 2013.
Input price inflation ticked up due to strong demand for construction materials and Capacity shortages among suppliers.