You are here: Home » Reuters » News
Business Standard

UK construction PMI growth edges up to four-month high

Reuters  |  LONDON 

LONDON (Reuters) - British construction activity grew at the fastest pace in four months in November, spurred by house-building and commercial work, though Brexit worries weighed on firms' outlook for the coming year, a survey showed on Tuesday.The IHS Markit/CIPS UK Construction Purchasing Managers' Index (PMI) rose to 53.4 from 53.2 in October, confounding the consensus forecast for a fall to 52.5 in a Reuters poll of economists.A similar survey on manufacturers on Monday also beat expectations, despite a warning from the Bank of England last week that in a worst-case scenario, a no-deal ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, December 04 2018. 15:05 IST