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UK Construction Contracts For First Time In 13 Months

The UK construction sector contracted for the first time in more than a year in September as a sustained fall in new work led to the reduction in overall business activity, data from IHS Markit showed Tuesday. The IHS Markit/Chartered Institute of Procurement & Supply construction Purchasing Managers’ Index fell to 48.1 in September, while the reading was expected to remain unchanged at 51.1.
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