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UK construction shrinks fastest in 2-1/2 years

July 3rd, 2012 by

The Markit/CIPS Construction Purchasing Managers’ Index (PMI) sank to 48.2 from 54.4 in May, it’s lowest reading since December 2009 and falling below the 50 level which separates growth from contraction and missing forecasts for a more modest fall to 53.0.

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