UK Construction Downturn Eases as Demand Resurfaces, PMI Shows

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British construction firms showed signs of stabilizing from a plunge in activity over the spring with housebuilding falling at the slowest pace in nine months.S&P Global's construction purchasing managers' index climbed to a four-month high of 44.7, up sharply from post-pandemic lows of below 40 in the previous three months. It was much better than the 40 reading expected by economists, though it remained below the 50 threshold separating growth and contraction.While housebuilding continued