Global EconomyJuly 16 at 02:00 AM

UK Construction Output YoY (May) Y/Y -1.8% vs. Exp. -1.1% (Prev. -1%)

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UK construction output fell -1.8% in May, missing expectations due to record-low productivity, high mortgage rates, and collapsing demand, pushing homebuilder stocks to 10-year lows.

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