July Construction output growth flatlined

September 12, 2016

Figures published by the Office for National Statistics (ONS) showed that  In July 2016, construction output was estimated to have shown no growth compared with June 2016.

In July 2016, construction output was estimated to have shown no growth compared with June 2016.

All new work increased by 0.5% while all repair and maintenance decreased by 1.1%.

Compared with July 2015, construction output decreased by 1.5%. All new work, and repair and maintenance decreased by 0.6% and 3.2% respectively.

The underlying pattern as suggested by the 3 month on 3 month movement in output in the construction industry decreased by 1.2%.

UK construction output for July 2016 flatlined at 0.0% growth.

To read the ONS Statistical Bulletin…Construction output in Great Britain July 2016 in full  click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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