The S&P Global Construction PMI for the UK rose to 46.2 from the previous 45.5, marking an increase of 0.7 points. This indicates a slight improvement in the construction sector, although it remains below the 50 threshold that separates expansion from contraction.
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The actual PMI reading of 46.2 slightly exceeded the analyst estimate of 46.1. This marginally better-than-expected performance may provide a modest boost to construction-related stocks, though the sector’s continued contraction suggests any positive market impact could be short-lived. Investors may focus on broader economic indicators for longer-term policy expectations.