The building sector expanded more quickly than expected last month.
The purchasing managers’ index for the construction sector climbed to 53.4 in November, up from 53.2 the previous month. Economists had been expecting a mark of 52.5, with any figure above 50 indicating growth. Job creation in the industry also reached its highest level since December 2015.
The index, based on a monthly survey sent to senior executives at more than 400 companies, covers areas of activity such as new orders, inventory levels, production, supplier deliveries and employment.
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