UK S&P Global Construction PMI (Dec) 40.1 vs. Exp. 42.5 (Prev. 39.4)
The UK S&P Global Construction PMI for December printed at 40.1, missing expectations of 42.5 and marking a slight improvement from the previous reading of 39.4.
[MARKET ANALYSIS] Benchmarks bid as the European risk tone slips, EZ inflation, supply & US data ahead
[MARKET ANALYSIS] Tentative trade in early hours and ahead of key US data; Utilities and Construction outperform
UK S&P Global Construction PMI (Dec) 40.1 vs. Exp. 42.5 (Prev. 39.4)
[MARKET ANALYSIS] Crude softer with market oversupply overshadowing geopolitics
Industry insider remarks that if Samsung Electronics (005930 KS) is able to secure Qualcomm (QCOM) as a customer after Tesla (TSLA), it will be able to secure more orders from other firms, Hankyung reports
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This significant miss suggests ongoing weakness in the construction sector, which may prompt concerns about broader economic activity and influence monetary policy considerations moving forward.
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