RSS   Newsletter   Contact   Advertise with us
Post Online Media
Business in Britain   The Office for National Statistics:

UK construction output drops, industrial production jumps

UK constructionUK construction output unexpectedly fell in November, according to official data published.

Article continues below


READ MORE Germany's industrial output recovers in August



Seasonally adjusted construction output declined 0.2% on the previous month, the Office for National Statistics revealed, extending the 0.6% fall in October when the market had expected a bounce back of 0.2%.

Compared to November last year, output from the construction industry was up 1.5%, though this was short of the 2% gain forecast on the back of a 0.7% rise the preceding month.

UK industrial production in November was much better than expected, data from the Office for National Statistics confirmed on Wednesday, with a strong rebound in North Sea oil and gas output and a cold snap driving heating demand.

ONS revealed that UK industrial production rose 2.1% in November compared to October and 2.0% versus the same month last year, which was more than double the respective consensus forecast and reversed the falls from the preceding month.

The surge was driven by a jump in mining output, as the North Sea's giant Buzzard field resumed production after temporary closure in October, while energy supply output jumped on the back of a cold weather snap boosting heating demand.

Manufacturing production was up 1.3% month-on-month, beating the consensus estimate of 0.50% and a turnaround from the revised 1% decline from the previous month.

Year-on-year manufacturing production rose 1.2% after falling 0.5% in October, better than the expected rebound of 0.4%.

Seasonally adjusted construction output declined 0.2% on the previous month, extending the 0.6% fall in October when the market had expected a bounce back of 0.2%.


What to read next
 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy