UK S&P Global Construction PMI (Jan) 46.4 vs. Exp. 42 (Prev. 40.1)
Newsquawk Staff ·
UK S&P Global Construction PMI (Jan) 46.4 vs. Exp. 42 (Prev. 40.1)
What it means
The UK S&P Global Construction PMI came in at 46.4 for January, significantly exceeding expectations of 42 and up from a previous reading of 40.1. This improvement could indicate a stabilization in the construction sector, suggesting a potential shift in economic activity that may influence policymakers' outlook on growth, possibly impacting future rate decisions.
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