09/10/2015

UK Construction Output Falls In August

Latest figures from the Office for National Statistics (ONS) has revealed a fall in construction output for the month of August.

In August 2015, output in the UK's construction industry dropped by 4.3% compared with July 2015. Compared with August 2014, it fell by 1.3%, its first year-on-year fall since May 2013.

All new work declined by 3.6% in August, compared to the previous month, while repair and maintenance (R&M) fell by 5.6% over the same period. All work types reported decreases, the ONS added.

Elsewhere, between June and August 2015, construction output fell by 0.8% when compared to the previous quarter (March to May 2015). Repair and maintenance decreased by 3.6% while all new work increased by 0.7%.

Comparing the months June to August 2015 with the same period in 2014, construction output is thought to have risen by 1.8%, while all new work increased by 5.6%, but repair and maintenance decreased by 4.6%.

(JP)

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