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UK construction output picks up in June

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/08/2015 (14:45)
According to data compiled by the UK’s Office for National Statistics (ONS), the country’s construction output rose 0.9% on the month in June after declining 1% in May. Initial expectations called for an increase of 2% for June.

On a yearly basis, meanwhile, growth in the UK’s construction sector stood at 2.6% following a gain of 2.1% in the previous month. Economists’ initial estimates called for a 3.3% gain.

In the second quarter, meanwhile, construction output grew 0.2% from the previous quarter. The country’s annual construction sector growth rose 2.4% in the second quarter after posting a growth rate of 4.4% in the previous quarter.
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