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UK construction flatlines
The latest purchasing managers’ index (PMI) data on the UK construction sector suggests the fall-out from the collapse of Carillion (CLLN) is having a negative impact.
A reading of 50.2 in January implies negligible growth. Any figure above 50 means expansion while anything below this threshold means activity is slowing.
PMI releases are seen as offering a good insight into current conditions as they are based on responses from the people within companies who have responsibility for buying in required goods and services.