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contraction News

January Sees UK Construction Sector Entering Contraction Zone Amid Economic Uncertainties

Michael Lee 06 Feb, 2025

The UK construction sector entered contraction in January 2024, with the PMI dropping to 48.1 due to declines in residential work and civil engineering, amidst economic uncertainti...

Economy

China's Manufacturing Sector Contracts in January: NBS Reports PMI at 49.1

Emily Rodriguez 27 Jan, 2025

China's manufacturing PMI fell below the neutral mark to 49.1 in January, indicating a contraction in the sector. The non-manufacturing and composite PMI also declined, reflecting ...