The ONS has suggested construction output fell by 0.7% in the second quarter to June as the BBC report (HERE). The Guardian notes that construction also fell in the first quarter by 0.3% and is therefore in a technical recession (HERE).
Samuel Tombs from Pantheon Economics is quoted by the BBC as saying, "The downturn looks set to deepen in the third quarter. Meanwhile, Brexit negotiations will be protracted, so businesses will hold off committing to major capital expenditure for a long time to come,
"In addition, the public investment plans won't be reviewed until the Autumn Statement at the end of the year and few construction projects are genuinely 'shovel ready'. Accordingly, we continue to think that a slump in construction activity will play a key role in pushing the overall economy into recession over the coming quarters."
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