U.K. Construction Output Declines to Lowest Since 1998
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U.K. construction output fell to its lowest level in more than 14 years in the first quarter as work on new building projects declined across the industry.
Output measured by volume dropped 2.4 percent from the previous three months to its lowest since the fourth quarter of 1998, the Office for National Statistics in London said today. That compares with the 2.5 percent decline estimated in gross domestic product data on April 25. The revision has no impact on GDP, which rose 0.3 percent in the period, the ONS said.