Commercial builders lead expansion

Construction activity accelerated in August, according to the latest purchasing managers' index (PMI) report.

Construction activity accelerated in August, according to the latest purchasing managers' index (PMI) report.

The PMI - a composite indicator of overall sector conditions - rose to 55.8 from 54.2 in July.

The housing index showed a slight fall in August, from 56.2 to 55.1, while commercial builders enjoyed the strongest monthly growth at 56.1. Civil...

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