Published: Sat, November 11, 2017
Markets | By Rosalie Gross

United Kingdom construction output falls more than expected

United Kingdom construction output falls more than expected

In terms of industries, 11 out of the 23 industry groups in the manufacturing sector have shown positive growth during September 2017 as compared to the corresponding month of the previous year.

The quick estimates of index of industrial production (IIP) with base 2011-12 for the month of September 2017 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.

The IIP (Indices of Industrial Production) is compiled using data received from 14 government agencies including the Department of Industrial Policy & Promotion, Ministry of Petroleum & Natural Gas, and Department of Fertilisers.

However, construction output fell by 1.6% in the month, the ONS said.

In the third quarter, output increased 0.6 percent each in manufacturing and overall industry, data showed.

More news: Vehicle plows into crowd near Toulouse

However, he added that the recovery in manufacturing output could be hit by recent rises in the oil price.

Construction output fell 1.6 percent from August, the most since March past year. However, this was weaker than the expected increase of 0.8 percent.

Despite this, the UK's trade performance during the third quarter as a whole worsened, according to the ONS data.

A widening in the trade deficit in the third quarter, to 9.5 billion pounds from 6.5 billion pounds in the previous three months, means net trade once again dragged on growth during the period.

United Kingdom construction output slumped 1.6% in September, the ONS revealed, way worse that the 0.3% expected by the market and larger than the 1.0% drop the ONS had initially pencilled in its quarterly estimate.

Like this: