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British Building Industry Could Turn The Corner

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THE UK’S struggling construction industry showed signs of getting back on its feet last month, according to a closely-watched business survey released yesterday. The sector remains in contraction but appears to be bottoming out – an outcome that would boost Britain’s second quarter GDP result and bode well for the recovery. Markit’s purchasing managers’ index (PMI) rose to 49.4 for constructors, its highest score for six months. Total construction output was mainly supported by higher levels of residential building activity in April. While sentiment is cautiously picking up in the industry, Moore warned that total new work dropped for the 11th straight month, suggesting that a turnaround will not be easy.

Analysts also believe that weather could be having some effect on the industry. Link

Why not to blame weather for it!

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  • 246 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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