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UK construction industry bounces back in January

from Project Datafile

The latest figures from Markit/CIPS are welcomed with a collective sigh of relief from the construction industry after the unforeseen 0.5 percent contraction in the wider economy between October and December. "The U.K. construction sector showed a welcome bounce-back from the snow-related drop in activity late last year," said Chris Williamson, chief economist at Markit. Civil engineering, commercial construction and house building all reported their highest activity in January since last August, ending a four month phase of decline. more


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