The 'Construction Orders YoY' in the UK measures the year-over-year change in the value of new construction orders received by construction companies. This indicator is significant as it reflects the health of the construction sector, which is a key component of economic growth and employment. A rise in construction orders suggests increased investment and future construction activity, positively impacting GDP and potentially influencing monetary policy. Financial markets closely monitor this data for insights into economic momentum and potential inflationary pressures.
The 'Construction Orders YoY' in the UK measures the year-over-year change in the value of new construction orders received by construction companies. This indicator is significant as it reflects the health of the construction sector, which is a key component of economic growth and employment. A ...