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03 Jun
14:52

UK construction activity flattens as new work declines

Activity in the UK construction sector remains flat according to the latest Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers index (PMI) for May monitored by Kallanish. A marginal overall rise in business activity failed to offset a decline in incoming new work and stagnation in input buying. The seasonally adjusted CIPS/Markit UK construction PMI posted 51.2 in May, down from 52.0 in April and only slightly above the c…
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