Dire construction figures revised upwards

Grant Prior 14 years ago
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Government number crunchers at the Office for National Statistics have revised upwards their dire figures for construction output during the final quarter of 2010.

Early estimates for the three months to last December showed a drop in construction workloads of 3.3% which contributed to a shock fall in GDP of 0.5%

The actual construction fall has now been revised to 2.5% compared to the third quarter of 2010 which reduces the overall GDP drop to 0.4%

The figures show all new work fell by 2% and repair and maintenance fell by 3.7% on the previous three months.

But the total volume of construction output in the fourth quarter of 2010 rose by 8% compared with the same quarter in 2009 as all new work increased by 14.5% and repair and maintenance decreased by 3.3%.

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