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ONS estimates August construction output dip of 3.9%

Estimates for construction output in August have shown a 3.9 per cent dip, compared with July, and is 0.3 per cent down year on year.

According to Construction News, the ONS said all new work decreased by 4.8 per cent, with all types of work except public new housing reporting decreases.

Infrastructure output fell by 6.5 per cent; private commercial by 5.6 per cent; private housing by 5.5 per cent; private industrial by 4.9 per cent; and other public work by 2.4 per cent).

Compared with August 2013, output in the construction industry showed a decrease of 0.3 per cent, the first time since May 2013 (fall of 1.7 per cent) the estimate had shown a year-on-year decrease.

 

However quarterly national accounts published on 30 September had an estimate of construction for Q2 2014 of 0.7 per cent growth, an upwards revision to the estimate included in the second estimate of GDP for Q2 2014 which showed no growth.

 

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