Business activity in the construction sector in the UK has deteriorated in October as a result of falling demand, procurement of materials and volume of orders.
PMI Index, reflects the dynamics of business activity, economic conditions and prospects of the construction sector amounted to 46.2 points in October compared to 46.7 points in previous month.
Analysts, however, assumed that the figure will increase to 47.2 points. Recall that the indicator value above 50 points indicates growth of business activity in the construction sector, below 50 - at the deceleration.
PMI Index, reflects the dynamics of business activity, economic conditions and prospects of the construction sector amounted to 46.2 points in October compared to 46.7 points in previous month.
Analysts, however, assumed that the figure will increase to 47.2 points. Recall that the indicator value above 50 points indicates growth of business activity in the construction sector, below 50 - at the deceleration.
1 comment:
Thanks for the information and i think that the industry which is the major industry affected by the recession it will require some more time to recover from the this.
Thanks,
Portable Storage,
www.moveablecubicle.com
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