UK construction output down 11.6%
Agencies: London, Oct 12 2012, 16:12 IST
British construction output fell 11.6 percent on the year in August, non-seasonably adjusted data from the Office for National Statistics showed on Friday.
Compared to July, construction dipped 0.9 percent after a 2.1 per cent month-on-month rise in July.
Between June and August construction output dropped 11.9 percent compared to the same three months in 2011, with the main drag coming from a 15.6 percent slide in new work.
The ONS warned that caution should be taken when interpreting movements in output involving June 2012 because a May public holiday was postponed until June, when another day was added to celebrate Queen Elizabeth's Diamond Jubilee.
A steep slump in construction output was the main drag on Britain's economy in the first half of 2012, pushing the country back into recession.
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