The UK’s construction PMI was released today, jumping to the highest seen figure since 2007 for Great Britain. 59.1 was announced as the level on the index today, much higher than an expected pace of 58.4.
The good report may have eased the fears of many who think Britain is flirting with a new housing bubble.
What is “good” news?
There is a sharp improvement in incoming businesses also in the GB. New business and new buildings go hand in hand and are always signs of a growing economy. On the other hand, an economy growing in one sector can be falling apart in another sector and eventually lead to a total collapse. I’m not saying that is the case with Great Britain. I am saying that “good news” for a country won’t always lead to “good things” unless policies are “good” behind the scenes.
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