Markit/Cips PMI reveals three-month low in December as demand for projects declines
The UK construction sector ended 2018 on a weaker footing, hitting a three-month low in December amid fading demand for commercial projects and the growing risk of a no-deal Brexit.
According to the Markit/Cips UK construction purchasing managers’ index (PMI), which is closely watched by the Bank of England and the Treasury as an early warning gauge for the UK economy, the building trade suffered a slowdown in activity in December.
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