BR100 Decreased By (-0.23%)
BR30 Decreased By (-0.1%)
KSE100 Decreased By (-0.13%)
KSE30 Decreased By (-0.13%)
AGHA 6.37 Increased By ▲ 0.05 (0.79%)
BECO 4.26 Decreased By ▼ -0.01 (-0.23%)
BML 62.50 Increased By ▲ 0.05 (0.08%)
BOP 31.43 Increased By ▲ 0.20 (0.64%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 6.10 Increased By ▲ 0.38 (6.64%)
FCCL 60.60 Decreased By ▼ -0.94 (-1.53%)
FFL 14.87 Decreased By ▼ -0.15 (-1%)
FNEL 1.27 Increased By ▲ 0.04 (3.25%)
KEL 6.25 Decreased By ▼ -0.01 (-0.16%)
KOSM 5.61 Increased By ▲ 0.05 (0.9%)
LOTCHEM 24.65 Decreased By ▼ -0.03 (-0.12%)
MLCF 102.67 Decreased By ▼ -1.41 (-1.35%)
NBP 175.35 Increased By ▲ 0.07 (0.04%)
NCPL 52.88 Increased By ▲ 0.11 (0.21%)
NPL 54.49 Increased By ▲ 0.37 (0.68%)
OGDC 313.39 No Change ▼ 0.00 (0%)
PACE 9.30 Increased By ▲ 0.10 (1.09%)
PAEL 35.50 Decreased By ▼ -0.30 (-0.84%)
PIBTL 13.57 Increased By ▲ 0.10 (0.74%)
PPL 221.40 Decreased By ▼ -0.41 (-0.18%)
PRL 80.62 Increased By ▲ 1.54 (1.95%)
PTC 46.72 Decreased By ▼ -0.13 (-0.28%)
SSGC 24.05 Increased By ▲ 0.18 (0.75%)
TBL 9.37 Increased By ▲ 0.06 (0.64%)
TELE 7.44 Increased By ▲ 0.05 (0.68%)
TPL 24.50 Decreased By ▼ -0.61 (-2.43%)
TPLP 12.47 Decreased By ▼ -0.04 (-0.32%)
TREET 26.25 No Change ▼ 0.00 (0%)
TRG 53.40 Decreased By ▼ -0.04 (-0.07%)

Britain's construction sector suffered a record drop in activity during April as the coronavirus pandemic shut sites, data showed Wednesday alongside news of surging food sales at online supermarket Ocado.

The latest data showing the UK's biggest sector winners and losers from the COVID-19 outbreak comes as the Bank of England holds a regular meeting Wednesday at which it is expected to keep its main interest rate at a record-low 0.1 percent.

The BoE's policy announcements and new UK growth forecasts will be announced Thursday, ahead of Prime Minister Boris Johnson telling the country on Sunday how he plans to ease its lockdown measures.

It comes amid reports that finance minister Rishi Sunak is looking into tapering the government's furlough scheme that is paying UK workers stuck at home.

Latest government figures showed 6.3 million people are being paid up to 80 percent of their salaries, costing the taxpayer £8.0 billion ($9.8 billion, 9.0 billion euros).

On Wednesday, the closely-watched IHS Markit/CIPS UK construction purchasing managers' index showed a reading of only 8.2 in April, down from 39.3 in March and the lowest since records began in 1997. A score below 50 indicates a contraction in output.

Copyright Agence France-Presse, 2020

Comments

Comments are closed for this article.