The UK construction sector expanded at the weakest pace in four months in May, due to a significant fall in residential activity, survey results from S&P Global and the Chartered Institute of Procurement & Supply showed on Wednesday.The CIPS construction Purchasing Managers' Index fell to 56.4 in May from 58.2 in April. A score above 50.0 indicates expansion in the sector. Among the three construc...
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.