Reuters has reported that British construction output rose less than expected in October, suggesting the sector got off to a slow start in the final months of the year after a sharp decline in Q3.
Construction output increased by 0.2% compared with September. Economists had expected an increase of 1.0% over the course of the month.
Construction output was 1.0% higher than its level a year ago however, beating expectations for a 0.9% annual decrease.
Britain's construction sector accounts for approximately 6% of gross domestic product and the industry exerted a drag on economic growth in the third quarter, when growth was driven solely by the services sector.
Karen Blanford, Research Director, and Danielle Cummings, Senior Economist, Global Construction Service, IHS Global Insight, provide an overview of the construction sector in Brazil and the aims of the Growth Acceleration Programme.