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Forex News

11/10/2017 12:34:59

UK construction output falls more than expected

(ShareCast News) - UK construction activity is worsening, data from the Office for National Statistics showed on Friday.

UK construction output slumped 1.6% in September, the ONS revealed, way worse that the 0.3% expected by the market and larger than the 1.0% drop the ONS had initially pencilled in its quarterly estimate.

This came on the back of August figures that was revised up to 0.8% growth.

Year-on-year, construction output rose 1.1%, short of the 2.2% forecast and down from a revised 3.9% rise for August.

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