UK Construction Output fell by 0.2%

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Friday, Nov 13 2015

In September 2015, output in the construction industry was estimated to have decreased by 0.2% compared with August 2015 due to a fall in all new work of 2.4%. This was offset by repair and maintenance which increased by 3.8%.

In Quarter 3 (July to Sept) 2015, output in the construction industry was estimated to have decreased by 2.2% compared with Quarter 2 (Apr to June) 2015, unchanged from the estimate included in the preliminary estimate of gross domestic product (GDP) published on 27 October.

Between Quarter 3 (July to Sept) 2015 and Quarter 3 (July to Sept) 2014 output was estimated to have decreased by 0.1%. Downward pressure on the quarter came from both all new work and repair and maintenance which fell by 2.2% and 2.1% respectively, with all work types except infrastructure and private industrial reporting decreases.

Sterling is currently being traded around 1.5210 area. Pair is likely to find support around 1.5150 handle and resistance above 1.5250 level. Later today, in the US session, Retail Sales, PPI and Consumer Sentiment figures are scheduled for a release.

More in this category: « French and German GDP rose by 0.3% U.S Retail Sales increased less than expected »

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