Construction sector output declined by 0.6% in third quarter, according to the latest figures from the Office for National Statistics (ONS). The fall, a preliminary estimate, compared to growth of 1.1% in the second quarter. Output has now fallen by 4% in the past year. The figure compares with an overall GDP increase of 0.5%, but ONS says this estimation is complicated by special events in the second quarter such as the additional bank holiday for the royal wedding, which would have depressed activity. Source: ttjonline.com
Source:
http://www.ttjonline.com/story.asp?sectioncode=14&storycode=68565&c=3
