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U.K. construction PMI prints just under expectations


(Kitco News) - The number came in at 56.4 (May) vs expectations of 56.6 and a previous reading of 58.2. This is the slowest increase since January but still in expansionary territory. One of the main takeaways from the report was the stagnation in residential homebuilding. The builders feared the cost-of-living squeeze and rising interest rates would constrain demand.

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Posted: 2022-06-08 09:15:14.000000

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