Market Watch

UK Construction Suffered in October

15 Dec , 2014  

Market Watch MondayThe UK construction suffered a sharp fall in output during October official figures have illustrated.

The Office for National Statistics (ONS) said output dropped by 2.2% from the month before.

However, the good news is that they made a revision to construction output growth for the third quarter of the year, which doubled to 1.6%.

The ONS said this could mean that overall economic growth in the quarter, potentially, could be revised up to 0.8% from 0.7%.

It said this assumed growth in manufacturing and services remained unchanged in the quarter. The ONS publishes its third and final estimate of GDP for the third quarter on 23 December.

 

Output in the Construction Industry - ONS

Construction output is a monthly estimate of the output of the construction industry in ... or from the Media Relations Office email: media.relations@ons.gsi. gov.uk.

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