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UK construction output surprisingly falls in May

by ChemOrbis Editorial Team -
  • 10/07/2015 (18:02)
According to data compiled by the UK’s Office for National Statistics (ONS), the country’s construction output fell 1.3% on the month in May after declining 0.5% in April. Initial expectations called for an increase of 0.8% for May.

On a yearly basis, meanwhile, growth in the UK’s construction sector slowed to 1.3% in May following a gain of 1.8% in the previous month. Economists’ initial estimates called for a 3.1% gain. The country’s annual construction sector growth rose for the 24th consecutive month in April, although April’s figures indicated the weakest rate of expansion since November 2013.
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