THE TRACKER ON THE SUNNY SIDE

摘要

Construction activity continued to contract in December, although the rate of decline had eased as the index rose by four points to 45. However, a sector-by-sector breakdown provided a more detailed picture. Activity in the non-residential sector expanded for the first time in 21 months as the indicator jumped by 20 points to 52. In contrast, the activity indices for the residential and civil engineering sector remained below the no-change mark of 50, with the former decreasing by three points to 46 and the latter dropping by two points to 30.