UK construction output in January down sharply
London
BRITISH construction output unexpectedly fell in January at the sharpest monthly rate since late 2013, dragged down by a worsening decline in housebuilding, official data showed on Friday.
Construction output shrank by 2.6 per cent in January - confounding economists' expectations for a rise of 1.2 per cent - after rising by 0.6 per cent in December, the Office for National Statistics (ONS) said. Total new housebuilding dropped by 5 per cent on the month, the steepest fall since February last year.
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