UK construction output down from 2011
Construction output down
UK construction output in August fell 11.6 per cent from August 2011, non-seasonably adjusted data from the Office for National Statistics showed on Friday.
Compared to July, construction dipped 0.9 per cent after a 2.1 per cent month-on-month rise in July.
Between June and August construction output dropped 11.9 per cent compared to the same three months in 2011, with the main drag coming from a 15.6 per cent slide in new work.
The ONS warned that caution should be taken when interpreting movements in output involving June 2012 because a May public holiday was postponed until June, when another day was added to celebrate Queen Elizabeth's Diamond Jubilee.
A steep slump in construction output was the main drag on Britain's economy in the first half of 2012, pushing the country back into recession.
"The benefits of footing the bill to put a British astronaut in space amount to more than just a restorative for national pride"
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