UK: Weakness in construction PMI data - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the UK’s Construction PMI fell below 50 to 49.5 in February to its lowest level since the storm-affected March 2018 print.

Key Quotes

“While activity in the residential sector rose modestly, declines in commercial and civil engineering projects were notable on account of Brexit uncertainty leading to delays in projects.”

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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