UK DATA: Q4 construction output -2.5% q/q
–Q4 construction data adds around 0.05pp to Q4 GDP q/q change
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New data released today shows construction output fell 2.5% q/q in Q4.
Figures used to compile the prelminary Q4 GDP data assumed a fall of
3.3%. This change could add around 0.05pp to the q/q change in GDP.