Wednesday, 12 July 2017

Construction Output Suffers Sharpest Fall For Five Years

The run-up to the General Election saw the largest three-month drop in construction output for five years, according to latest official figures. New figures for May showed all work output slipped by 1.2% month-on-month, driven mainly by a 4% fall in infrastructure, equating to a real value fall of £61m. The only sector to show growth was social housing, up £6% or £21m in cash terms. The Office of National Statistics three-month trend figures also slipped back 1.2%, which represented the sharpest fall for five years, albeit after a sustained period of growth. This fall was driven mainly by infrastructure and private new housing, which dropped 1.3% and 1.8% respectively. Read more on the Construction Enquirer website.

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