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UK Construction Output fell by 0.5%

Friday, Jan 15 2016

In November 2015, output in the construction industry was estimated to have decreased by 0.5% compared with October 2015. Analysts were anticipating 0.5% increase. All new work was the largest contributor to the fall, decreasing by 0.7%, with repair and maintenance (R&M) falling 0.2%.

Within new work, there were increases in public other (2.3%), private industrial (1.7%) and total housing (0.9%). However, these were offset by decreases in infrastructure and private commercial work of 4.3% and 1.5% respectively. Compared with November 2014, output in the construction industry decreased by 1.1%. All new work increased by 1.3% while there was a fall of 5.1% in repair and maintenance. The main upwards contribution to all new work came from infrastructure which increased by 11.7%.

Sterling is currently being traded around 1.4350 handle. Pair is likely to find support around 1.43 handle and resistance above 1.44 level. Later today, in the US session, PPI, Retail Sales, Industrial Production and Consumer Sentiment figures are scheduled for a release.

Last modified on Friday, 15 January 2016
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