Construction output slides for second month running
Construction output fell 0.5% in volume terms in August in a second consecutive monthly fall.
With the wider UK economy bumping along at 0.2% growth, construction has now become a drag on growth rather than a driver.
The decrease in monthly output came solely from a decrease in new work (1.5% fall), partially offset by an increase in repair and maintenance (1.0% up) on the month.
At the sector level, five out of the nine sectors saw a fall in August 2023, with the main work sectors under pressur
Read more »