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In December, British construction sector activity tumbled a bit, missing estimates and dampening optimism over the UK economy, as industry data disclosed on Wednesday.
Market research company IHS Markit and also the Chartered Institute of Purchasing & Supply told that their British construction purchasing managers' index went down to a seasonally updated 52.2 the previous month versus November’s result of 53.1.
Market experts had hoped the index would inch down to 52.8 in December.
On the index, a result above 50.0 stands for expansion, while an outcome below 50.0 points to contraction.
As IHS Markit informed, housing kept being the best performing area of activity, while new orders inched up at the fastest tempo since May.
The research group added that the abrupt rate of input price inflation kept unrolling in December.
FTSE 100 lagged EU markets with moderate losses of about 0.07% in London.
In December, a major measure of American producer prices suddenly slumped and the overall gauge went down more than predicted in the face of lower crude prices, indicating that potential inflation pressures in the American economy are still there…
The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.
In November, euro zone industrial output reported its greatest dive for almost three years, as follows from data uncovered on Monday…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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