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πŸ‡¬πŸ‡§ UK construction PMI stays pinned near pandemic lows as BoE's Mann keeps eyeing wages, not cranes

πŸ‡¬πŸ‡§ UK construction PMI stays pinned near pandemic lows as BoE's Mann keeps eyeing wages, not cranes

UK construction contracted for a 15th straight month in June, the S&P Global Construction PMI at 38.4, its worst reading outside the 2020 lockdown, while BoE policymaker Catherine Mann keeps her inflation focus on wages rather than the building slowdown.

Line chart of UK Construction PMI from 2018 to 2026 ending at 38.4 in June.
UK Construction PMI stayed near multi-year lows at 38.4 in June, missing the 40.1 consensus and underscoring persistent contraction in the sector. Source

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