Skip to main content

UK construction output does not meet October expectations

Published by
World Cement,


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.


Edited from source by Joseph Green. Source: Reuters

Read the article online at: https://www.worldcement.com/europe-cis/15122015/uk-construction-output-october-expectations-186/

You might also like

 

 WCT2021

WCT2021

At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »

 

CEMEX strengthens presence in Guatemala

The company has announced that, as part of its growth strategy, it will increase capacity in Guatemala with the construction of a new cement grinding mill that is expected to be completed in early 2023.

 
 

Embed article link: (copy the HTML code below):