- UK’s construction output climbs 1.5% in December
Market news
12 February 2016
UK’s construction output climbs 1.5% in December
The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. climbed 1.5% in December, after a 1.1% drop in November.
The increase was driven by a rise in all new work. All new work increased 2.6% in December, while repair and maintenance fell 0.5%.
On a yearly basis, construction output increased 0.5% in December, after a 0.9% decrease in November.
In 2015 as whole, construction output jumped 3.4%.
Construction makes up 6% of UK's economy.
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