IHS Markit report their UK Construction PMI for March 2018 read at 47.0 down from 51.4 a month earlier, well below consensus forecasts from economists which anticipated a reading of 50.9.
Britain’s third largest economic sector, the construction industry, has been mired in recession for three consecutive quarters. Economists are looking for signs this downturn eased in February.
Mid-week data out of the U.K. confirms the construction sector continues to grow, but the headline figure released by IHS Markit and the CIPS disappointed at expectations.
The cost being placed on employers in a labour-intensive construction industry show why populist political ideology threatens jobs.
September’s PMI surveys hit the market at the opening of a politics heavy week for Sterling, after the Conservative Party conference got under way at the weekend.
UK construction activity has slowed sharply amidst heightened uncertainty regarding the UK economy.
The second in the three-part series of Purchasing Managers Index releases is due out on Tuesday, July 4.
The UK’s construction sector saw activity levels surge in the month of May according to the most reliable report available on the matter.
The second major UK economic data release of April 2017 has confirmed the UK construction sector continues to grow close to long-term rates.
The UK construction sector continues to grow at a clip according to latest survey data from IHS Markit and the CIPS.
Services PMI data released on Monday November 5 caps the strong start to the month for UK Economy and ensures 2016 will end on a positive note.
Good news for the UK economy mid-week with the release of some better-than-forecast data from the construction sector.
The UK’s construction sector is firmly back in growth following the mid-year slump in activity.
The rally in Pound Sterling against its major counterparts has offered welcome relief to those with outstanding international payments, but we are told not to expect the trend to continue.
Pound Sterling is looking surprisingly firm despite news that UK Construction PMI data fell at its fastest pace since 2009.
The UK construction sector unexpectedly declined in June; heralding the start of what some analysts believe will be a recession that will last for three quarters.
We have had two notable data releases from the UK economy already in May - and both have proved to be sterling-negative.
The Sunday papers astonished readers yesterday with the revelation that rich people use the tax haven, Panama, as a tax haven.