Economic Buzz: UK construction purchasing managers index hits a four-month high

The downturn in the UK construction sector eased in July, according to a survey released on Thursday. The S&P Global construction purchasing managers? index hit a four-month high of 44.7 from 38.4 in June. It remained above the 50.0 mark that separates contraction from expansion. The survey found that total new business received by construction companies fell at the slowest pace for 10 months in July. Some firms noted a recent turnaround in tender opportunities, including for commercial development, residential projects and transport infrastructure work.

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