Construction Output Up
Attributable to a small revival in infrastructure and private housebuilding, UK construction activity revealed signs of an improvement in September, following four months of negative growth for the sector.
UK Construction output in September rose 0.6% on the previous month, when the consensus forecast had been for a flat month. July's growth was revised to show a 1% decrease.
Taken on a year-on-year basis, construction output increased 3.5% in September against a consensus estimate of 0.2% and after a previus month that was revised to show a fall of 2.7%.
Comment from the ONS (Office for National Statistics), which provided all figures on a seasonally adjusted basis, noted that construction continued to decline in the three months to August compared to the previous three-month period, with a 0.8% decline due to falls in private commercial work in previous months.
The modest improvement in September was thanks to boosts from infrastructure and private house building.