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Tuesday29 July 2014

Construction output falls again

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Public housing sees biggest decline

Data released today shows construction output in the three months to October was down 9.7% compared to the same period last year.

The figures from the Office for National Statistics showed the biggest fall was in public housing, with output down by more than a fifth.

David Crosthwaite, an economist at Aecom, said: “It appears that one way of arresting the continuing decline in construction output would be for the government to bring forward any public sector investment plans as a matter of urgency.

“Construction is an important part of the UK economy as a whole, providing the facilities that we all need to be productive.”

Meanwhile, output for October was up 8.3% compared to the previous month.

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