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UK construction output up on month in Dec, down on quarter

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/02/2016 (17:02)
According to data compiled by the UK’s Office for National Statistics (ONS), the country’s construction output rose 1.5% on the month in December after declining 1.1% in November while construction output dropped 0.4% in the October-December period following a decline of 1.7% in the third quarter of 2015.

The quarterly decline in output was attributed to the country’s lower infrastructure spending.

Meanwhile, in 2015, the UK’s construction output expanded 3.4%, though it remained below the growth rate of 7.5% posted in 2014.
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