UK: Construction PMI fell to 52.9 in August - Nomura

Analysts at Nomura note that the UK’s August Construction PMI fell somewhat more than expected, to 52.9, reversing its July gains.

Key Quotes

“Firms noted continued demand for construction inputs that put pressure on supply chain capacity in the month, which could bode well for continued expansion in the sector in the coming months. Both commercial and residential activity continued to expand, though residential construction growth slowed somewhat.”