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15/01/2016
Construction Output Falls 0.5% In November - ONS
UK construction output fell by 0.5% in November, according to new figures.
Data from the Office for National Statistics (ONS) revealed new work was the biggest culprit for the fall, decreasing by 0.7%, while repair and maintenance (R&M) fell by 0.2%.
The results are the biggest annual drop in output since May 2013, signalling the UK economy may struggle to bounce back as economists predicted.
While within new work there was a 2.3% increase in public other, a 1.7% rise in private industrial and a 0.9% increase in housing, a 4.3% decrease in infrastructure along with a 1.5% dip in private commercial work offset growth.
It is understood construction output would have to increase by 2.6% on a monthly basis in December to avoid dropping in the fourth quarter.
(LM)
Data from the Office for National Statistics (ONS) revealed new work was the biggest culprit for the fall, decreasing by 0.7%, while repair and maintenance (R&M) fell by 0.2%.
The results are the biggest annual drop in output since May 2013, signalling the UK economy may struggle to bounce back as economists predicted.
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While within new work there was a 2.3% increase in public other, a 1.7% rise in private industrial and a 0.9% increase in housing, a 4.3% decrease in infrastructure along with a 1.5% dip in private commercial work offset growth.
It is understood construction output would have to increase by 2.6% on a monthly basis in December to avoid dropping in the fourth quarter.
(LM)
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