ONS numbers show drop in output
Author: Ross Sturley CIMCIG
June’s figures from the Office for National Statistics show a 0.9% drop in construction output compared to May.
Only a short period of the month was after the EU referendum; ONS said that there is very little anecdotal evidence at present to suggest that the referendum has had an impact on the figure.
For the quarter from April to June output was estimated to have decreased by 0.7% compared with the first quarter of the year. Downward pressure on the quarter came both in new work, which decreased by 0.8%, and repair and maintenance, which decreased by 0.5%.
Output was estimated to have decreased by 1.4% between the second quarter of 2016 and the same period last year. CECA pointed out that infrastructure fell 10.1%: the largest fall since the second quarter of 2012.