• Prior -4.0%; revised to -1.5%
  • Construction output +4.1% y/y
  • Prior -3.9%; revised to +0.2%

That's a solid bounce, alongside a sharp revision higher to the December figures. Of note, building construction increased by 4.2% and civil engineering by 1.4% in January. In any case, this is very much a lagging data point so it doesn't mean much.