-Markit Says Drop On Month Sharpest Since Feb 2009
-Notes Marked Loss Of Momentum From Previous Survey Periods
LONDON (MNI) – UK construction saw its sharpest fall in 2 1/2
years in June, according to the Markit/CIPS construction sector PMI
released today.
The seasonally adjusted Markit/CIPS Construction Purchasing
Managers’ Index stood at 48.2 in June, down from 54.4 in May. The drop
in the index over the month was also the greatest since February 2009.
Markit said that this signalled “a marked loss of momentum
following the solid expansion seen in the previous survey period”.
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[TOPICS: MABDS$,M$B$$$,MT$$$$]