A measure of Britain's building industry turned positive for the first time...
LONDON - A measure of Britain’s building industry turned positive for the first time in nearly a year in February as Prime Minister Boris Johnson’s election win boosted economic sentiment for the second month in a row, a survey showed on Tuesday.
The IHS Markit/CIPS UK Construction Purchasing Managers’ Index rose to 52.6 from 48.4 in January, just below the Reuters poll forecast of 48.8 and representing less of a jump than in the previous month. Some respondents in the PMI survey said contracts from the recently announced High Speed 2 rail network and other major transport projects could boost infrastructure work at their businesses in the year ahead.
“A renewed slowdown could see domestic investment spending put back on hold and dampen the outlook for the UK construction sector,” Moore said.
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