FOREX TradingCharts.com

Financial News: UK Construction Sector Growth Moderates In September

UK Construction Sector Growth Moderates In September

10/06/2021 - 07:03:00 (RTTNews)

(RTTNews) - The UK construction sector growth weakened in September with the output rising to the smallest extent for eight months amid supply chain issues and softer demand, data published by IHS Markit showed on Wednesday.

The Chartered Institute of Procurement & Supply construction Purchasing Managers' Index fell more-than-expected to 52.6 in September from 55.2 in August. The expected level was 54.0.

The index signaled the weakest speed of recovery for eight months. Nonetheless, a reading above 50.0 indicates expansion.

All three broad categories of construction activity reported a loss of momentum in September, with the biggest slowdown seen in civil engineering.

House building also decelerated in September, with the latest expansion the weakest since the recovery began in June 2020. The commercial segment was the best performer. The survey showed that construction companies logged a moderate increase in new work in September. Output growth eased for the third straight month.

There was another strong rise in employment numbers across the construction sector, driven by greater workloads and stretched business capacity. But the pace of growth eased in September.

The rate charged for sub-contracted works increased at a survey-record pace. Purchase prices increased rapidly in September, although the rate of inflation eased further from June's all-time peak.

Construction firms remained highly upbeat about the business outlook in September. However, the degree of confidence was weaker than August amid some concerns that the supply chain crisis will hinder growth.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Exports Growth Eases In September (47 min(s), 04 sec(s) ago)
(RTTNews) - Hong Kong's merchandise exports grew at a softer pace in September, data from the ...Full Story»

UK Retailers Expect Sales To Rise Further In November: CBI (53 min(s), 04 sec(s) ago)
(RTTNews) - UK retailers expect sales to be above seasonal norms in November, the Distributive Tra ...Full Story»

Spain Producer Price Inflation Fastest Since 1977 (01 hr(s), 06 min(s), 04 sec(s) ago)
(RTTNews) - Spain producer prices grew at the fastest pace since 1977 in September on higher energ ...Full Story»

Eurozone Banks To Tighten Conditions For Housing Loans: ECB Survey (01 hr(s), 42 min(s), 04 sec(s) ago)
(RTTNews) - Eurozone banks plan to tighten their conditions for housing loans further in the fourt ...Full Story»

S. Korea Cuts Fuel Tax By Record 20% (02 hr(s), 03 min(s), 04 sec(s) ago)
(RTTNews) - South Korea's government and the ruling Democratic Party decided to cut the fuel t ...Full Story»

Sweden Producer Price Inflation Accelerates In September (02 hr(s), 23 min(s), 04 sec(s) ago)
(RTTNews) - Sweden's producer prices accelerated for the ninth straight month in September, fi ...Full Story»

South Africa Leading Index Rises In August (03 hr(s), 57 min(s), 04 sec(s) ago)
(RTTNews) - South Africa's composite leading index increased in August, survey data from the S ...Full Story»

Singapore Industrial Production Drops In September (04 hr(s), 46 min(s), 04 sec(s) ago)
(RTTNews) - Singapore's industrial production dropped in September, data from the Economic Dev ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Exports Growth Eases In September

10/26/2021 - 06:37 AM (RTTNews)
(RTTNews) - Hong Kong's merchandise exports grew at a softer pace in September, data from the ...Full Story>>

UK Retailers Expect Sales To Rise Further In November: CBI

10/26/2021 - 06:31 AM (RTTNews)
(RTTNews) - UK retailers expect sales to be above seasonal norms in November, the Distributive Tra ...Full Story>>

Spain Producer Price Inflation Fastest Since 1977

10/26/2021 - 06:18 AM (RTTNews)
(RTTNews) - Spain producer prices grew at the fastest pace since 1977 in September on higher energ ...Full Story>>

Eurozone Banks To Tighten Conditions For Housing Loans: ECB Survey

10/26/2021 - 05:42 AM (RTTNews)
(RTTNews) - Eurozone banks plan to tighten their conditions for housing loans further in the fourt ...Full Story>>

S. Korea Cuts Fuel Tax By Record 20%

10/26/2021 - 05:21 AM (RTTNews)
(RTTNews) - South Korea's government and the ruling Democratic Party decided to cut the fuel t ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.