This data is worrying for the economy but not for the markets

This data is worrying for the economy but not for the markets House-building slump brings biggest UK construction fall since 2020 Britain's construction industry saw the biggest slide in activity in more than three years last month, as higher interest rates led to one of the sharpest falls in house-building since the 2008-09 recession, a survey showed on Thursday. The S&P Global/CIPS UK construction Purchasing Managers' Index (PMI) tumbled to 45.0 in September from August's 50.8, its lowest since May 2020, when COVID-19 pandemic restrictions were in full force and a move further below the 50 level that divides growth from contraction. Economists polled by Reuters had forecast a much more modest decline to 49.9, and the figure contrasts with the less gloomy picture for the larger services sector on Wednesday. The house-building index dropped to 38.1 from 40.7 - its lowest since April 2009, apart from two months in 2020. Victorian Plumbing #VIC 08:00 SCS Group #SCS 09:40 Topps Tiles #TPT 11:00 Diversified Energy #DEC 12:30 Horizonte Minerals #HZM 15:30 Metro Bank #MTRO 16:40 Oxford Biodynamics #OBD 20:14 Avacta #AVCT 21:33 Helium One #HE1 22:30 Predator Oil & Gas #PRD 24:05 Hargreaves Lansdown #HL. 28:00 Ocado #OCDO 28:00 Hvivo #HVO 28:50 Argo Blockchain #ARB 32:00 Trufin #TRU 32:40 Light Science Technologies #LST 33:18 Unite Group #UTG 36:00 Grainger #GRI 38:05 Superdry #SDRY 40:50 Destiny Pharma #DEST 41:50 Watkin Jones #WJG 42:15 Empiric Student Property #ESP 43:05 Smoove #SMV 44:00 Ramsdens #RFX 44:20 H&T #HAT 44:25