Urgent.. The PMI (Purchasing Managers' Index) for the construction sector in Britain exceeds expectations.

On Thursday, the Markit Economics office, part of S&P Global, released the Purchasing Managers' Index (PMI) data for the construction sector in the UK for the month of November, which came out positive and significantly better than market expectations.

According to the data, the PMI for the construction sector in the UK recorded 55.2 points in November, which is much higher than market expectations that forecasted the index to be around 53.5 points. It also surpasses the previous reading of 54.3 points in October.

It is worth noting that this index measures the level of activity among purchasing managers in the construction sector within the UK and indicates the improvement of the construction sector in the UK. Traders closely monitor this type of data because it often reflects the performance of companies. If the reading exceeds expectations, this can lead to a rise in the British pound, and vice versa. A reading above 50 points indicates expansion in the sector, while a reading below 50 points indicates contraction in the sector.