Construction output dips amid economic slowdown fears

Construction output slipped by 0.4% in April, marking the first decline since October, as fears about the wider economy cooled business confidence.
The decrease came from a fall in repair and maintenance of 2.4%, which was slightly offset by a 0.9% rise in new work.Monthly construction output indexThe main sectors dragging down overall growth were private housing repair and maintenance, and private commercial new work, which dropped by 6.5% and 3.8%, respectively.
This hints at falling confidenc