UK: Construction PMI likely to fall to 47.9 in June - TDS

Analysts at TD Securities are looking for the UK’s construction PMI to fall from 48.6 to 47.9 in June, against consensus for a small improvement to 49.2.

Key Quotes

“The big driver behind our view is the poor sentiment seen in the manufacturing PMI, but the colder than normal weather through the first 3 weeks of the month also may weigh on activity.”