【freezing oysters in shell】UK Construction PMI Falls in December as Brexit Uncertainty Weighs
Investing.com - Activity in the UK construction sector slowed last month as political uncertainty from Brexit weighed,freezing oysters in shell according to a closely watched business survey released on Thursday.
Research firm IHS Markit said its construction purchasing managers’ index fell to
52.8
in December, compared to forecasts for a reading of 52.9.
The prior month’s reading was 53.4.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
“UK construction firms signaled a slowdown in housing and commercial activity growth during December, which more than offset a strong performance for civil engineering at the end of 2018. Subdued domestic economic conditions and an intense headwind from political uncertainty resulted in the weakest upturn in commercial work for seven months,” IHS Markit associate director Tim Moore commented in the report.
Moore noted that a boost in transport and energy projects helped push business optimism to an eight-month high in December, but was cautious as the UK’s departure from the European Union in March looms closer.
“Levels of optimism remained subdued in relation to those recorded by the survey over much of the past six years, largely reflecting concerns that Brexit uncertainty will continue to encourage delays with decision-making, especially on commercial projects," Moore concluded.
Related Articles
Japan December services sector PMI shows weakest growth in 3 months
China studying new reforms to help small business: media
Upbeat employment report underscores U.S. economic strength
View comments
(责任编辑:Focus)
- 1.9 Million Unemployment Claims; Travel Bets Surge
- If You Had Bought NWF Group (LON:NWF) Shares Three Years Ago You'd Have Earned 30% Returns
- Is Cobre (ASX:CBE) In A Good Position To Deliver On Growth Plans?
- Sanoma Oyj: Managers' Transactions
- How to Rise Above an ACT, SAT Test Score Plateau
- Intrepid Congratulates East Plant Employees on Record Monthly Domestic Sales Volumes in April
- IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Inovio Pharmaceuticals, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
- George Floyd protests recall earlier tensions, promises of economic change
- Castlebar Capital Corp. Announces Termination of LOI Respecting Qualifying Transaction
- Does Credit Card Travel Insurance Cover the Coronavirus?
- U.S. Supreme Court justices question human rights claims against Nestle and Cargill
- HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Urges Opera Limited (OPRA) Investors With Losses to Contact its Attorneys: Important Class Action Deadline Approaching
- Is Innovative Industrial Properties (IIPR) Stock Outpacing Its Finance Peers This Year?
-
Eatontown, NJ, Dec. 04, 2020 (GLOBE NEWSWIRE) --via NewMediaWire--Investview, Inc. (OTCQB: INVU), a ...[详细]
-
Why the Earnings Surprise Streak Could Continue for Dick's (DKS)
If you are looking for a stock that has a solid history of beating earnings estimates and is in a go ...[详细] -
NEW YORK (AP) _ Voya Financial Inc. (VOYA) on Wednesday reported a third-quarter loss of $319 millio ...[详细]
-
What's in Store for Ambarella (AMBA) This Earnings Season?
Ambarella, Inc.AMBA is slated to release first-quarter fiscal 2021 results on Jun 2.For the fiscal f ...[详细] -
China's Xi Visits Wuhan, Says Coronavirus Outbreak 'Basically Curbed'
Chinese President Xi Jinping visited the city of Wuhan Tuesday for the first time since the coronavi ...[详细] -
Green Stream Highlights Recent Video Presenting Company's Unique Solar Energy Solution
Pacific Palisades, California--(Newsfile Corp. - May 1, 2020) - Green Stream Holdings Inc. (OTC Pink ...[详细] -
Why Foundation Building Materials (FBM) Could Be an Impressive Growth Stock
Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captiva ...[详细] -
What Does BNP Paribas Know That the Markets Don't?
(Bloomberg Opinion) -- Investors are particularly wary of European banks. Since February, shares in ...[详细] -
Ex-Tesla employee agrees to pay $400K over claims he stole trade secrets
Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shangh ...[详细] -
Ethereum decentralized exchange monthly volumes hit all-time-high
Decentralized exchanges (DEX) on Ethereum just recorded their highest monthly trading volume, accord ...[详细]
3 Consumer Cyclical Mutual Funds to Grab in December
Coronavirus has crippled global protest movements
- Why Prosperity Bancshares (PB) is a Top Dividend Stock for Your Portfolio
- Understated Factors To Consider Before Investing In Esquire Financial Holdings, Inc. (NASDAQ:ESQ)
- Insider Buying: The Domino's Pizza Group plc (LON:DOM) CEO & Director Just Bought UK£201k Worth Of Shares
- With EPS Growth And More, Anchorstone Holdings (HKG:1592) Is Interesting
- Suzan Craig and Tahi Restore Nature and Make 100 Percent Natural, Genuine Honey
- Ferro (FOE) Beats Q3 Earnings and Revenue Estimates
- Baker Hughes Snaps Up Compact Carbon Capture For Energy Transition Path