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UK construction slips in February, housebuilding strong

Reuters   15 April 2016   UK  

Britain's construction sector weakened slightly in February but construction of new homes hit a record, helping lift overall construction output in the previous three months to its fastest growth in nearly a year.

The Office for National Statistics said construction output, which makes up 6 percent of the economy, fell 0.3 percent on the month in February but resumed growth on an annual basis, edging up 0.3 percent, slightly less than forecast in a Reuters poll.

In contrast to a survey by data company Markit, Friday's official figures offer little sign that the construction sector is being hit by worries about Britain's June referendum on European Union membership, or an increase in taxation on landlords.

 

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