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Growth in Britain's construction industry slows in June
(MENAFN) Growth in UK's construction sector slowed last month, while the economy might be suffering to regain much momentum after a lackluster start to the year.
Furthermore, the Markit/CIPS UK Construction Purchasing Managers' Index declined to 54.8 from May's 18-month high of 56.
Meanwhile, the Bank of England is thinking whether to raise interest rates for the first time in a decade and is watching for signs that other areas of growth can offset a consumer spending slowdown.
Additionally, consumer price inflation in the kingdom is running at 2.9 percent, a four-year high.
Furthermore, the Markit/CIPS UK Construction Purchasing Managers' Index declined to 54.8 from May's 18-month high of 56.
Meanwhile, the Bank of England is thinking whether to raise interest rates for the first time in a decade and is watching for signs that other areas of growth can offset a consumer spending slowdown.
Additionally, consumer price inflation in the kingdom is running at 2.9 percent, a four-year high.
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