United Kingdom construction output falls more than expected

Gladys Abbott
November 11, 2017

That was driven by a 0.7 per cent rise in manufacturing production, the Office for National Statistics (ONS) said, which was up on of expectations of a 0.3 per cent rise, although slightly lower than the previous month's 0.4 per cent.

However, construction output fell by 1.6% in the month, the ONS said. Infrastructure and construction sector goods output increased 0.5 percent. Ten out of 13 factory sectors recorded increases. Production was forecast to grow 0.5 percent.

Primary goods output rose 6.6 percent, capital goods production grew 7.4 percent and intermediate goods logged 1.9 percent gain.

The construction output data was much weaker than expected.

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Despite this, the UK's trade performance during the third quarter as a whole worsened, according to the ONS data. As well as the sharp fall in September from August, output was only up 1.1 per cent from a year earlier.

A similar pattern emerged in PMI surveys for the start of the current quarter, with manufacturing showing healthy growth in October and construction struggling to avoid falling back into contraction.

In the three months to September 2017, the total United Kingdom trade deficit widened by £3bn to £9.5bn, mainly due to a increased imports, including of machinery, non-monetary gold and fuels.

The industry group "Manufacture of pharmaceuticals, medicinal chemical and botanical products" has shown the highest positive growth of 26.4 per cent followed by 13.2 per cent in "Manufacture of computer, electronic and optical products" and 13.1 per cent in "Manufacture of motor vehicles, trailers and semi-trailers".

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