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ONS: Construction output falls at slowest rate in a year

The total volume of construction work fell in the second quarter of 2009, but at the slowest rate for a year according to Government figures out today.

Office for National Statistics figures show construction output in the second quarter of 2009 totalled £23.9 billion, down 0.5 per cent on Q1’s £24 billion.

The small fall follows a large fall of 8 per cent in the first quarter of 2009 and it is the slowest fall in output since Q2 2008.

All new work rose by 1 per cent while repair and maintenance fell by 2 per cent.

The total volume of construction output in the 12 months to the second quarter of 2009 fell by 10 per cent compared with the previous 12 month period.