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Walker Morris / News & Insights
Walker Morris / News & Insights
The headline construction PMI fell slightly in August to 44.3, down from 44.7 in July. While the sector has remained in contraction for 20 consecutive months, commercial activity declined at its slowest pace since January, rising to 47.8. Civil engineering activity also eased to 40.5.
However, affordability pressures and subdued buyer demand continued to weigh on residential construction activity, which fell to 37.6.
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