The construction sector activity in the UK economy grew at a faster pace than expected in October, a fresh report from Markit Economics showed on Friday. The final Purchasing Managers’ Index (PMI) came in at 53.2 in October, up from 52.1 seen in September while surprising markets to the upside (52.0 expected). Key Points: Fastest growth in civil engineering since July 2017. Slower rise in new projects at construction companies. Business optimism weakest in nearly six years. Trevor Balchin, Economics Director at IHS Markit, which compiles the survey, noted: “Although total UK construction activity rose at a stronger pace in October, the underlying survey data paint a less rosy picture for the sector towards the end of the year.” “New contracts increased at only a modest pace, and firms were the least optimistic regarding the 12-month outlook for nearly six years. Construction companies again linked uncertainty to Brexit negotiations, which influenced delays to final decisions at clients.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FX option expiries for Nov 2 NY cut FX Street 4 years The construction sector activity in the UK economy grew at a faster pace than expected in October, a fresh report from Markit Economics showed on Friday. The final Purchasing Managers' Index (PMI) came in at 53.2 in October, up from 52.1 seen in September while surprising markets to the upside (52.0 expected). Key Points: Fastest growth in civil engineering since July 2017. Slower rise in new projects at construction companies. Business optimism weakest in nearly six years. Trevor Balchin, Economics Director at IHS Markit, which compiles the survey, noted: "Although total UK construction activity rose at a stronger pace in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
