- Prior 1.20%
- 2.6% vs 5.3% prior y/y. Lowest since Nov 2013
- 3m/3m 0.6% vs 0.0% in June
- ONS says no revisions made for previous periods ahead of big statistics changes
Just looking through the report and there’s still some good signs. New construction orders in Q2 were estimated to be up 3.8% on Q1 with big increases in infrastructure (+20.8%). Private and new housing and industrial cons fell 6.3% and 1.9% respectively.
Construction has been one of the very strong part of the recovery so some slippage from the high levels is to be expected, as long as it doesn’t start trending downwards in a big way.
