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UK construction growth accelerates but shortages fuel inflation

Picture: Rui Vieira/PA By Ian McConnell THE UK construction sector’s recovery accelerated further in June, with growth in activity the fastest for 24 years, but severe shortages of products and materials saw a survey-record rise in purchasing prices, a key survey shows. “Severe delays with shipping and haulage”, especially for products sourced from the European Union, are flagged by the survey. The activity index for the construction sector from the Chartered Institute of Procurement & Supply and IHS Markit climbed from 64.2 in May to 66.3 in June on a seasonally adjusted basis, moving even further above the level of 50 deemed to separate expansion from contraction to its highest since June 1997.

Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as RBA Holds Interest Rates

Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as RBA Holds Interest Rates
currencynews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from currencynews.co.uk Daily Mail and Mail on Sunday newspapers.

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