S&P Global/ CIPS Construction PMI (Dec. 24)

The headline CIPS construction PMI eased to a six-month low of 53.3 in December, from 55.2 in November, although that indicates construction activity is still expanding. The decline in the headline balance reflected a fall in all three of the subsectors but only the housing balance, at 47.6, is consistent with a contraction in construction activity.

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