UK’s construction output declines 1.0% in July

Market news

11 September 2015

UK’s construction output declines 1.0% in July

The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. declined 1.0% in July, after a 0.9% rise in June.

The decline was driven by a drop in new work, which plunged 1.5% in July.

On a yearly basis, construction output decreased 0.7% in July. It was the first decline since May 2013.

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