Construction output sees weakest growth since 2012
Construction output was estimated to have decreased by 2.7% in the first quarter of 2018, the weakest level of growth since Q2 2012, according to Gleeds’ latest Economic and Regional Inflation Report.
This fall represents the fifth consecutive decline in industry output, with private housing also falling by 1.6% following a period of strong and consistent growth. The fall in the private housing sector has contributed to an overall 2.6% decline in all new construction work.
Many regions across the UK remain steady, despite the growing uncertainty surrounding Brexit. Wales and Northern Ireland continue to boast healthy levels of activity, whilst the Midlands faces growing demands in the residential, commercial and infrastructure sectors.
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