Home UK Construction PMI jumps to 52.6 in February, a big beat – GBP/USD unfazed

UK Construction PMI jumps to 52.6 in February, a big beat – GBP/USD unfazed

Updated: 3 Mar. 2020 | 10:32

UK construction PMI rises to 52.6 in Feb, beats estimates.
GBP/USD attempts recovery above 1.3000.
Coronavirus fears and G7 call in focus for fresh impetus.

The construction sector activity in the UK unexpectedly expanded last month, the latest survey report from Markit Economics showed this Tuesday.

The final Purchasing Managers’ Index (PMI) came in at 52.6 in February, up from 48.4 recorded in January and beat the consensus estimates pointing to a reading of 48.8 by a big margin.

more to come …

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