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13 Sep
10:14

UK construction demand reduces again in August

UK construction companies indicated a sustained reduction in business activity during August, but the pace of decline was only marginal and much softer than the seven-year record low seen during July. Latest data indicated a further steep acceleration in input cost inflation, according to the latest Markit/Chartered Institute of Purchasing (CIPS) monthly survey monitored by Kallanish. At 49.2 in August, the seasonally adjusted Markit/CIPS UK Construction Purchas…
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