Market news
08.12.2017, 09:47

UK construction output contracted for the 6th consecutive quarter

Construction output contracted for the sixth consecutive period in the three-month on three-month time series, falling by 1.4% in October 2017.

The three-month on three-month fall in construction output stemmed from falls in both repair and maintenance, and all new work, which fell by 3% and 0.6% respectively.

Construction output also contracted month-on-month in October 2017, decreasing 1.7%, in part due to a 1.5% fall in all new work.

New orders saw record growth in Quarter 3 (July to September) 2017, growing by 37.4% compared with the previous quarter.

The record growth was driven predominantly by growth in the infrastructure sector, caused by the awarding of several high-value new orders relating to High Speed 2 (HS2).

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