UK construction PMI: Forecast is for an unchanged outturn at 45.9 – RBC CM

Research Team at RBC Capital Markets, suggests that in the UK the Markit/CIPS Construction PMI for August will be published.

Key Quotes

“There is good chance of Construction PMI following the same pattern as of Manufacturing PMI and rising this month although our forecast is for an unchanged outturn at 45.9. Even if there is a rebound it would have to be a very large one to change perceptions that construction output will struggle to avoid registering a decline in the coming months.”