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UK construction PMI up

Christian Fernsby |
A measure of Britain's building industry had its strongest month on month improvement in almost two years in January, a survey showed today.

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Topics: CONSTRUCTION    PMI    UK   

The IHS Markit/CIPS UK Construction Purchasing Managers' Index (PMI) rose to 48.4 from 44.4 in December.

The PMI showed construction companies were the most optimistic about their growth prospects since April 2018.

"Anecdotal evidence suggested that greater clarity in relation to Brexit following the general election had a positive impact on demand, especially in the residential development category," survey compiler IHS Markit said.

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