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UK construction output growth rebounds at the start of 2015
January data pointed to a positive start to the year for the UK construction sector, with output and new business growth rebounding from the lows seen in December. That said, the rate of job creation slipped to a 13-month low and construction firms’ assessment of the business outlook was the second-lowest seen since October 2013. At 59.1 in January, up from 57.6 in December, the seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI®) pointed to a robust and accelerated expansion of overall business activity at the start of 2015. The index has registered above the neutral 50.0 ... (full story)
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