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ONS construction output figures revised upwards

Construction output fell by nearly 4 per cent in the second quarter of 2012 - an upward revision from last month’s GDP estimate, according to the latest figures from the Office for National Statistics.

Output was worth £24.4 billion last quarter, a 3.9 per cent fall compared to the first quarter of the year. It means that the construction output figure given at last month’s disappointing GDP estimate - when it was reported that construction output fell by 5.2 per cent - has been revised upwards.

But the output in Q2 2012 was a significant 9.5 per cent lower than in Q2 2011, when it was worth £27bn.

Year on year, the largest falls were in public housing, at a drop of 25 per cent, and infrastructure, which fell by 24.8 per cent to £2.5bn. No new work sector saw a rise both in the quarter and over the year.

The industry’s largest sector, commercial, fell by 3.8 per cent to £5.8bn. But quarter on quarter, the dip was just 0.6 per cent, with the sector’s output worth marginally more than the end of 2010.

Monthly output figures show that output fell by 4.7 per cent in June compared to May.

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