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Given the construction data we construct a 3-truncated simplicial algebra as above.
Poor UK construction data has not helped sentiment.
There was a mid-afternoon blip as US manufacturing and construction data disappointed.
But it has come off its best levels after weaker than expected UK construction data.
The revision largely reflected new construction data and new export information.
UK construction data, due at 9.30am, will show how Britain's builders performed in May.
After Tuesday's disappointing UK manufacturing survey, the construction data for December was also underwhelming.
New construction data is valuable for its volume and its accuracy.
Jamie McGeever (@ReutersJamie) Deutsche slashes US Q1 GDP f'cast to -0.4% from +0.1% after today's construction data.
Weak Chinese service sector data did not help sentiment, while investors ignored the better than forecast UK construction data.
The new construction data contradicted the notion among some builders and economists that the housing market has recently shown signs of bottoming out.
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