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U.K. construction activity remains in moderate contraction
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#1 ⇑ Haut ⇑ 04-02-2013 10:53:00
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U.K. construction activity remains in moderate contraction
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Markit Economics released on Monday the U.K. Construction PMI for January, indicating construction activity in the U.K. fell at a moderate pace with the start of the year. The PMI came at 48.7, the same as December, and below analysts’ estimates of 49.2.
The PMI measures overall output in the sector. The headline is still holding at December`s six month low, and below its neutral 50-mark. A reading above 50 is considered an expansion in business activity, while below is considered a contraction.
The PMI measures overall output in the sector. The headline is still holding at December`s six month low, and below its neutral 50-mark. A reading above 50 is considered an expansion in business activity, while below is considered a contraction.
Index » Articles - News » Archives - 2013 »
U.K. construction activity remains in moderate contraction
Pages: 1