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Contraction in construction sector slows
CONSTRUCTION in the UKcontracted at a slower pace last month, according to the latest CIPS/Markit purchasing managers’ index (PMI), which recorded a reading of 47.
Although activity fell for the twenty-first month in a row, new order volumes rose for the first time since February 2008.
CIPS chief executive David Noble said: “It appears we are still some way off from returning to growth let alone reaching the level it was at only two years ago”