The construction sector in the UK increased in June, exceeding forecasts

The British construction industry, which accounts for 6% of the country's economic output, rose in June at the fastest pace in 7 months, according to Reuters. The IHS Markit/CIPS purchasing managers' index in the construction sector of Great Britain was 53.1 points after 52.5 points in May. Economists did not expect the index to change. In June, the fastest growth rates of new orders since May 2017 and the fastest growing annual growth rates for new jobs were recorded. According to Markit, residential and commercial real estate contributed to the growth in the construction sector, but it was held back by a longer time for supplies and a sharp increase in import prices since September.

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