Market news
08.09.2017, 08:59

UK construction output contracted by 1.2% in the last 3 months

Construction output contracted by 1.2% in the 3 month on 3 month series in July 2017 but remains at relatively high levels.

The 3 month on 3 month decline in output was due to decreases in both repair and maintenance, which fell 1.8% and all new work, which fell by 1.0%.

Construction output also fell month-on-month, falling by 0.9% in July 2017, predominantly driven by a 1.4% fall in all new work.

Both the month-on-month and 3 month on 3 month series fell for the fourth consecutive month in July 2017.

New orders fell 7.8% in Quarter 2 (Apr to June) 2017 compared with the previous quarter, dropping to its lowest level since Quarter 1 (Jan to Mar) 2014.

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