LONDON (MNI) – Construction output picked up in August after a
sharp fall in July, rising 0.4% on the month following July’s monthly,
revised 2.2% fall, National Statistics said.

The data are not seasonally adjusted, and their impact on Q3 GDP
will depend in large part on the assumption made for seasonal
adjustment. The data show August construction output 4.1% below year ago
levels on a constant price basis.

On a current price basis construction output was up 0.6% on the
month in August.

In the three months through August construction output was up 0.9%
on the previous three months and down 1.9% on the same three months a
year ago.

–London bureau: 0044 20 7862 7491; email: drobinson@marketnews.com

[TOPICS: M$B$$$,MABDS$]