UK: Construction PMI indicate sideways movement - TDS

According to analysts at TD Securities, UK’s December's Construction PMI continued to indicate sideways movement in the industry, and at 52.8 in the month, it hovers near its 2018 average.

Key Quotes

“Underlying details were mixed, with business activity sagging to a three-month low, and new orders remaining subdued. Output growth was softer in the month, too, with some respondents pointing to wet weather putting a damper on growth. Decisions around commercial development projects are also being delayed on the back of political uncertainty, according to some respondents.”