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5/11/13

UK construction activity lowest in 15 years

UK construction sector output fell by 2.4% quarter-on-quarter in the opening three months of this year on a seasonally-adjusted basis, and is at its lowest level since the end of 1998, official figures have shown

The data, published yesterday by the Office for National Statistics, highlight a widespread fall in new work for the construction sector. This drop occurred against the backdrop of the Coalition Government's continuing austerity programme.

The drop in construction output in the first quarter was broadly in line with a fall of 2.5% estimated by the ONS when it reported last month that UK gross domestic product had risen by 0.3% in the first quarter of this year.

Read more; UK construction output falls to lowest level in 15 years | Herald Scotland

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