• Prior 1.8%. Revised to 2.2%
  • +0.7% vs +1.3% exp y/y. Prior 3.5%. Revised to 6.7%
  • 3m/3m -0.3%
  • Q3 construction revised to 1.6% from 0.8%

Bit of a hotchpotch of numbers. Big fall on the month and year but a massive upward revision on the yearly and Q3. ONS says that the Q3 revision will add 0.1 percentage points to GDP.

GBP/USD unchanged as it sees six of one and half a dozen of the other in the numbers

The ONS has also released the Q3 construction new orders which shows a slide in public housing construction offset by a jump in private. Ordinarily that could be seen as a tightening in government spending but most private home builders are now required to set aside a percentage of new builds for the government affordable housing scheme.

UK Q3 construction orders 12 12 2014

UK Q3 construction orders 12 12 2014

UK construction output 12 12 2014

UK construction output 12 12 2014