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UK Construction Sector Slips Into Contraction On Renewed Fall In Orders

The UK construction sector contracted for the first time in four months in December as higher price pressures pulled orders down, a closely watched survey showed Friday.

The S&P/Chartered Institute of Procurement & Supply construction Purchasing Managers' Index fell more-than-expected to 48.8 in December from 50.4 in November. The expected reading was 49.6.

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by Renju Jaya

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