π¬π§ UK construction PMI stays pinned near pandemic lows as BoE's Mann keeps eyeing wages, not cranes
The day in view
π¬π§ 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.