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UK construction output falls at slowest pace for three months
September data indicated that the downturn in construction activity moderated again and was the least marked since June. This was helped by a slower reduction in new work. However, construction companies remain cautious about the outlook, with business optimism little-changed from August's 32-month low. At 46.2 in September, up from 45.5 in August, the headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally adjusted index tracking changes in total industry activity – reached its highest level for three months. However, the latest reading was below the neutral 50.0 value for the ... (full story)
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