British construction PMI dips to 13-month minimum in September

British construction PMI dips to 13-month minimum in September

In September, the British construction sector declined for the first time for 13 months, thus underlining worries over the UK economy and nearly excluding the case for higher interest rates, as industry data disclosed on Tuesday.

As market research firm Markit informed the previous month its British construction purchasing managers' index inched down to a seasonally adjusted 48.1 from August’s outcome of 51.1. Financial experts had hoped the index would slump to 51 in September.

On the index, a reading above 50.0 indicates expansion, below indicates contraction.

September data disclosed a tough month for the British construction sector because a sustained sag in new work provoked the first reduction in business activity since August last year.

Survey respondents associated the sag in workloads to minor confidence as well as subdued risk appetite among clients, in particular in the commercial building sector.




Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera