UK construction output down 11.6 per cent in August

UK construction output down 11.6 per cent in August
15 October 2012

UK construction output fell 11.6 per cent YoY in August 2012, non-seasonably adjusted data from the Office for National Statistics showed on Friday.

Compared to July, construction dipped 0.9 per cent after a 2.1 per cent month-on-month rise in July.

Between June and August construction output dropped 11.9 percent compared to the same three months in 2011, with the main drag coming from a 15.6 percent slide in new work.

The ONS warned that caution should be taken when interpreting movements in output involving June 2012 because a May public holiday was postponed until June, when another day was added to celebrate The Queen's Diamond Jubilee.

A steep slump in construction output was the main drag on Britain's economy in the first half of 2012, pushing the country back into recession.

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Tagged Under: UK Construction