Construction output back to growth

Construction output back to growth

UK construction output has risen by 0.2 percent on the last quarter, still below the 2.2 percent expected by analysts.

According to figures from the Office of National Statistics, in June alone output rose by 0.9 percent, an improvement on the poor figures seen for April and May.

However, the ONS have said that they will not revise their estimate of 0.7 percent GDP growth for the second quarter. Construction output has a bit effect on GDP, making up 6 percent of Britain’s economy, but is notoriously hard to predict. Annual output growth is still at its slowest for two years.