Construction industry sees growth slow
28 August 2012
UK builders enjoyed another month of strong growth in October although it slowed on recent months, according to the latest purchasing managers' index (PMI) report.
The PMI - a composite indicator of overall sector conditions, in which 50 indicates no change on the previous month - stood at 55, down from 56.8 in September.
Activity eased in all three sectors of the construction economy. The commercial building sector was again the strongest grower, at 56.7, followed by housing (55.3) and civil engineering (51.3).
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