The British construction sector expansion slowed in August as the growth in the commercial and civil engineering segments were not strong enough to offset a steep slump in house building and sharply weakening demand due to rising borrowing costs, the purchasing managers' survey results from S&P Global showed on Wednesday.
The Chartered Institute of Procurement & Supply Construction Purchasing Managers' Index, or PMI, dropped to 50.8 in August from 51.7 in July. The score was expected to fall to 50.5.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.