The Office for National Statistics (ONS) is reporting a sharp fall in construction output in May (HERE). Figures show a fall of 2.1% in May following an increase of 2.8% in April.
Apparently, to avoid being a drag on the economy in the second quarter, construction needs to expand by 1.9% in June but the Financial firm Markit has already said the construction industry suffered its worst contraction in seven years in June as concern grew about the EU referendum. Prospering like never before.
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