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The purchasing managers index in the UK construction sector rose in October to 53.2 points from 52.1 points in the previous month, according to IHS Markit. The growth of the construction sector was a surprise for economists, who had expected it to decline to 52 points. The increased recovery in civil engineering contributed to its growth. The expansion of the construction sector has been observed since April of this year, however PMI still has not reached a long-term average of 54.3 points. Such factors as the growth of new contracts and work abroad had a positive impact on the indicator. In addition to the strongest growth in civil engineering since July 2017, growth in October was also noted in the construction of houses and commercial real estate.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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