Construction output in Great Britain: Mar 2016 and Jan to Mar 2016

Here are the main points from the latest construction output release from the Office for National Statistics:

In Quarter 1 (Jan to Mar) 2016, output in the construction industry was estimated to have decreased by 1.1% compared with Quarter 4 (Oct to Dec) 2015.

Downward pressure on the quarter came from all new work which decreased by 0.6% and repair and maintenance (R&M) which decreased by 1.9%.

Between Quarter 1 (Jan to Mar) 2016 and Quarter 1 (Jan to Mar) 2015, output was estimated to have decreased by 1.9%.

In March 2016, output in the construction industry was estimated to have decreased by 3.6% compared with February 2016. All new work and repair and maintenance both reported falls of 3.6%.

The preliminary estimate of gross domestic product (GDP) for Quarter 1 (Jan to Mar) 2016 published on 27 April 2016 contained a forecast for construction output of a fall of 0.9%. This estimate has been revised downwards by 0.2 percentage points within this release based upon updated survey responses; output is now estimated to have decreased by 1.1%. This downward revision to construction output has no impact to 1 decimal place on GDP growth.

You can read the full report here