UK construction output falls in November
Published by Joseph Green,
Editor
World Cement,
According to a Reuters report, Britain's construction output fell in November, seeing its biggest annual drop since May 2013 in the latest sign that the economy may struggle to bounce back strongly from a mid-year slowdown.
Construction output dropped 0.5% on a monthly basis in November, countering expectations of a rise.
On an annual basis, output fell 1.1%, against expectations that it would stagnate in November.
A steep decline in construction output in Q3 weighed on economic growth that matched its lowest rate since late 2012 over that period. Construction output decreased by 1.9% in the third quarter of 2015.
Construction output would have to increase by 2.6% month-on-month in December to avoid a drop for Q4 as a whole.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/europe-cis/29012016/uk-construction-output-falls-november-413/
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