The Magazine for Asian Investors
According to S&P Global / CIPS, the construction PMI rose slightly in August to 49.2 from 48.9 the previous month.
However, new orders fell to the lowest level since June 2020. Consumer demand is heading toward “stagnation” as rising costs and economic uncertainty are likely to exacerbate the cost-of-living crisis in the UK, according to the report.
The construction PMI in the Euro area declined to 44.2 in August from 45.7 in the previous month.
The construction PMI in France fell to 48.2 in August from 48.6 in the previous month.