UK: Rebound in Construction PMI – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the UK’s construction PMI rebounded from June's 10-year low of 43.1 to 45.3 in July, though fell short of consensus at 46.0.

Key Quotes

“Business expectations are at their lowest level since 2012, and there was a sharp drop in new work and purchasing activity.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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