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2 Sep 2015
UK construction PMI expected to edge up in August – Lloyds Bank
FXStreet (Delhi) – Research Analysts at Llyods Bank, expect the UK construction PMI to edge higher to levels of 57.3 in August from its previous print of 57.1 in July.
Key Quotes
“In UK, today’s domestic highlight is the August construction PMI. Sentiment and output growth in the sector have weakened over the last year, although both remain robust. Moreover, the last two PMI outturns suggest that the slowdown in activity may have bottomed out.”
“We look for the PMI to edge up from 57.1 in July to 57.3, which is around two points higher than its post-crisis average.”
Key Quotes
“In UK, today’s domestic highlight is the August construction PMI. Sentiment and output growth in the sector have weakened over the last year, although both remain robust. Moreover, the last two PMI outturns suggest that the slowdown in activity may have bottomed out.”
“We look for the PMI to edge up from 57.1 in July to 57.3, which is around two points higher than its post-crisis average.”