UK Construction Sector shrinks

Note: This section contains information in English only.
Source: The Wall Street Journal
Activity in the UK construction sector slowed for a second month in a row, as a number of new orders declined and confidence in the economy plunged due to the recession-hit UK economy and worsening Eurozone crisis. The construction industry's PMI decreased to 54.4 in May from 55.8 in April. The data came after the PMI for the manufacturing sector revealed that production decreased in May to the lowest level in three years.

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