Construction output falls 7.9 percent year-on-year in January
LONDON (Reuters) - British construction output fell an annual 7.9 percent in January, non-seasonally adjusted data showed on Friday.
Compared with December, output was 6.3 percent lower, the Office for National Statistics said.
Despite making up less than 7 percent of Britain's economy, weak construction output was the main drag on growth last year, pushing the country back into recession.
Surveys have also pointed to weakness in the sector. The Markit/CIPS construction index hit a three-year low last month, dragged down by falls in civil engineering activity and commercial work.
(Reporting by Christina Fincher)
- Tweet this
- Share this
- Digg this
- Yazidis haunted by cries for help as militants bury victims alive
- Analysis - Financial market storm brewing as 2014 winds down
- Insight - Tesco's 250-million-pound black hole: Who was minding the shop?
- Prolonged Hong Kong protest could harm financial image, says envoy |
- Dallas Ebola patient vomited outside apartment on way to hospital |