British construction activity shrank for the sixth month in a row in October, an...
FILE PHOTO: Construction cranes are seen in the city centre of Manchester, Britain, February 23, 2019. REUTERS/Phil Noble
The IHS Markit/CIPS construction PMI rose to 44.2 in October from 43.3 in September, roughly in line with economists’ forecasts in a Reuters poll, but this was still the third-lowest reading since 2009 and pointed to a fall in output. Construction companies reported the seventh successive fall in new work, ordered less raw materials and did not replace staff who quit.
Britain had been due to leave the European Union on Oct. 31, but Brexit was delayed for the third time this year after Prime Minister Boris Johnson failed to get an exit deal through parliament in time.
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