Published: Fri, November 10, 2017
Finance | By Loren Pratt

United Kingdom construction output falls more than expected

United Kingdom construction output falls more than expected

Industrial output grew 2.5 per cent in the first half of this fiscal compared to 5.8 per cent a year before. In the same month last year, it was 14 percent a year ago.

"Industrial production has risen for six consecutive months, a feat last achieved 23 years ago", said Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics.

The rise in India's factory output slowed in September to 3.80 per cent from a growth of 4.46 per cent in August, official data showed on Friday.

"The flurry of activity data suggests that the industrial sector is helping to provide some offset to the consumer slowdown", said Ruth Gregory of Capital Economics. Total industrial production was also boosted by higher oil and gas output.

But construction fell the most in 18 months and a narrowing of the trade deficit was not enough to prevent the shortfall widening in the third quarter.


Construction cranes are seen by St Paul's cathedral at dawn in London, Britain, January 13, 2017. Many economists had earlier forecast 4.2 per cent growth in output compared with an upwardly revised 4.5 per cent year-on-year increase in August.

Figures for the much bigger services sector are due to be released on November 23.

The ONS said the latest economic data did not suggest there would be any change to its initial estimate that the United Kingdom economy grew 0.4% in the third quarter of the year. Economists polled by Reuters had expected a reading of 12.8 billion pounds.

September was the sixth consecutive rise in industrial production, which Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, pointed out was "a feat last achieved 23 years ago".

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