The PMI - Construction Index suggests that although the construction industry expanded in August, the pace of growth slowed compared to the significant activity levels seen in the previous month. Additionally, several areas within the industry are now at a neutral level, indicating that overall operations remained relatively unchanged month-on-month.
A key factor in this deceleration is the Quantity of Purchases, which saw a contraction. Many firms opted for a more cautious approach to purchasing materials, influenced by the gradual decline in material prices and the anticipation of moderate activity levels leading up to the presidential election. This cautious sentiment reflects the uncertainty surrounding the economic environment in the lead-up to a significant political event.