U.K. Construction Output decreased by 2.6%

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Friday, Mar 13 2015

In January 2015, output in the U.K. construction industry decreased by 2.6% compared with December 2014, after increasing by 0.6% in December. New work fell by 4.2% while repair and maintenance showed no growth. Within the all new work category, all work types except private industrial work reported decreases in January 2015, private commercial falling by 6.6%, infrastructure by 2.7% and total housing by 5.0%, with public and private housing reporting decreases of 18.4% and 1.3% respectively.

Earlier today, German WPI prices data was released. The selling prices in wholesale trade decreased by 2.1% in February 2015 from the corresponding month of the preceding year. In December 2014 and in January 2015 the annual rates of change were –2.3% and –2.6%, respectively. From January 2015 to February 2015 the index rose by 0.5%, beating market forecasts on 0.2% decease.

Markets are being steadier ahead of US data. Euro is currently being traded few points above 1.06 handle, while Sterling is around 1.4850 level.Later today, in the US session, PPI and Consumer Sentiment figures are scheduled for a release.

More in this category: « Aussie lower in a steadier morning part of the session U.S. PPI unexpectedly fell in February »

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