Construction Sector Grows At Fastest Pace In Seven Months

The British construction sector expanded at its fastest pace since March last month, buoyed by a strong performance in residential projects as output and volumes picked up in the months after the country's Brexit vote.  The closely-watched Markit/CIPS UK Construction Purchasing Managers' Index stood at 52.6 last month, compared with analysts' expectations for a 51.8 figure and with the 52.3 reading recorded in September. A reading above the 50.0 mark indicates growth, and October was the first time in four months the sector had reported signs of expansion. Read more on the IBT website.