Economic news

UK construction growth slows to one-year low

Growth in UK's construction industry dropped unexpectedly to a one-year trough in August, dragged down by an investment fall in the business sector as Brexit talks continue to progress slowly, according to the monthly survey of purchasing managers (PMI).

The Markit/CIPS Construction Purchasing Managers’ Index (PMI) slumped to 51.1 from 51.9 in July.

UK’s economy grew at its slowest pace first half of the year for last 5 years as rising inflation weighed on households.

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