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Construction output revised upwards

Official figures show the recession in construction is not as deep as previously thought.

The Office of National Statistics today released figures showing that construction output shrank 3.9 per cent this quarter, representing a contraction of 8.6 per cent on the same quarter last year.

It was originally thought that the quarterly figure was 5.2 per cent, with a year-on-year decline of 9.5.

In the first quarter of 2012, construction output contracted by 4.9 per cent, wiping out the modest gains made in 2011.

The revised figures mean that construction still drove the wider UK contraction of 0.5 per cent, 0.3 per cent of which was attributable to the sector.

The industry grew by 7.9 per cent in 2010 after a 13.5 per cent contraction in 2009.

 

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