UK construction output falls in August, ONS sees no Brexit link

UK construction output falls in August, ONS sees no Brexit link
 

British construction output unexpectedly fell in August led by a decline in infrastructure projects but Britain's statistics office said the weakness did not appear to be linked to the Brexit vote in June.
Construction volumes fell by a monthly 1.5 percent in August after a revised increase of 0.5 percent in July.
Economists taking part in a Reuters poll had predicted output would rise by 0.2 percent in August.
"As the fall this month is led by infrastructure, it seems unlikely that post-referendum uncertainties are having an impact," Kate Davies, a statistician with the Office... read more

 
14 October 2016 in Business, Views: 31
Source: Reuters
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