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UK Construction PMI Rises to 53.2 in October

Published 02/11/2018, 09:31
Updated 02/11/2018, 09:34
© Reuters.  UK construction PMI rose in October.

© Reuters. UK construction PMI rose in October.

Investing.com - Activity in the UK construction sector accellerated last month, according to a closely watched business survey released on Friday.

Research firm Markit said its construction purchasing managers’ index rose to 53.2 in October, compared to forecasts for a reading of 52.0.

The prior month’s reading was 52.1.

While the number in October was positive, the data points towards less activity for the end of the year, said Trevor Blachin, economics director at Markit.


"New contracts increased at only a modest pace, and firms were the least optimistic regarding the 12-month outlook for nearly six years. Construction companies again linked uncertainty to Brexit negotiations, which influenced delays to final decisions at clients," he said.

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