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HEWU - U.K. Construction Activity Hit By Unprecedented Shortages And Cost Pressures
iShares Currency Hedged MSCI United Kingdom
The UK construction industry is being hit by unprecedented shortages of raw materials and labour, the costs of which are also rising at rates far in excess of anything previously recorded in over two decades of PMI survey history.
However, the New Orders Index remains far higher than the Total Activity Index, reading at 59.4 in August.
In August, the rate of wage increase was far in excess of anything recorded previously in almost a quarter of a century of PMI survey data.