Latest figures from the Office for National Statistics have been released

锘緾onstruction output grew in February, ending a run of five consecutive monthly declines, according to the latest figures from the Office for National Statistics (ONS).

Output rose 8.6% compared with January, the largest monthly increase since the 18.1% recorded in March 2010. However the figure was still down 0.3% on February 2010.
Simon Rubinsohn, chief economist at the RICS, said: 鈥淐onstruction output rebounded in February, following the disappointing figures for January. The latest reading is only marginally above the December number, which was adversely affected by heavy snowfall.鈥�

鈥淭he latest data questions whether private sector demand is going to be sufficient to offset the cuts in public spending鈥�, he said.

 

Topics