Construction Figures “Disappointing”

New figures from the Office for National Statistics show that construction output dropped by 1.7 per cent in February this year, the largest fall in monthly growth since October 2019. The ONS says that this may be because of the weather in February, which was the wettest seen since records began in 1862. Poor figures were seen in private housing new work, too, which fell 7.7 per cent on January’s figures, which is the second-largest fall in monthly growth in a decade – with only January 2018 being worse, at 8 per cent. Read more on the Mortgage Strategy website.

https://www.mortgagestrategy.co.uk/news/pre-coronavirus-construction-figures-disappointing/