-UK July Construction unchanged m/m; -1.5% y/y
-UK Q2 Construction -0.1% q/q vs -0.7% Previous
By Laurie Laird and Jamie Satchithanantham
London (MNI) - Construction activity was flat between June and
July, but output was revised sharply higher over the second quarter,
although the change is unlikely to have a material effect on revisions
to gross domestic product.
Output registed no change in the month of July, but fell by 1.5%
over the same month of 2015.
However, construction fell by just 0.1% in the second quarter of
2016, much stronger than the 0.7% decline included in the latest
estimate of GDP. However, the revision will add just 0.01 percentage
points to total growth, according to a National Statistics official.