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- UK construction output rose less than expected. Week data from UK and GBP/USD is down 40 pips so far
UK construction output rose less than expected. Week data from UK and GBP/USD is down 40 pips so far
Output in the construction industry grew for the fourth consecutive period on a 3 month on 3 month basis, increasing by 1.5%.
Despite growing 3 month on 3 month, output fell by 1.7% in February 2017 in comparison to January 2017.
On the back of strong growth in January 2017, infrastructure provided one of the main downward pressures on output in February, decreasing by 7.3%.
New housing also contributed to the monthly decrease in overall output, falling month-on-month by 2.6% in February 2017.
Repair and maintenance grew in February, increasing month-on-month by 1.2%; month on year by 0.8%; and 3 month on 3 month by 0.6%.
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