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15.07.2016 08:40

Construction output decreased 2.1% in UK

The reporting period for this release covers the calendar month of May 2016; therefore, the data refers to the period prior to the EU referendum.

In May 2016, output in the construction industry was estimated to have decreased by 2.1% compared with April 2016. Both all new work and repair and maintenance reported decreases, falling by 2.6% and 1.4% respectively.

Within all new work, there were decreases in all work types, except infrastructure. The main contribution to the decrease came from private new housing.

Within repair and maintenance (R&M) there were falls in all work types.

Compared with May 2015, output in the construction industry decreased by 1.9%.

The underlying pattern, as suggested by the 3-month on 3-month movement in output in the construction industry, decreased by 2.1%. This was the third consecutive month of 3-month on 3-month falls.

15.07.2016 08:37

Oil is trading lower

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