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Construction output drops £1.5bn over last three months

Construction output in the UK totalled £19.3 billion in the last three months of 2008, more than £1.5 billion down on 2007’s £20.8 billion.

Office of National Statistics figures show the total volume of construction output in the fourth quarter of 2008 was 7 per cent lower than the third quarter of 2008.

New private housing work was 13 per cent lower and new public housing was 14 per cent lower over the same period.

All new work fell by 10 per cent whilst repair and maintenance fell by 3 per cent.

The total volume of construction output in the 12 months to the fourth quarter of 2008 was £82.1 billion virtually unchanged compared with the £82.4 billion in 2007.