S&P Global/CIPS Construction PMI (Aug. 25)

The headline CIPS construction PMI ticked up to 45.5 in August, from a five-year low in July. But that suggests construction activity is still contracting. Once again, a weak housing sector is weighing on the overall market, with the housing balance falling to 44.2. The commercial balance saw another small rise to 47.8, the highest since May.

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