Details from the December 2015 UK Construction output data report 12 February 2016

  • Prior -0.5%. Revised to -1.1%
  • 0.5% vs 0.7% exp y/y. Prior -1.1%. Revised to -0.9%
  • Q4 output revised to -0.4% vs -0.1% prior q/q
  • Q4 housing +4.1% vs -5.7% Q3. Biggest jump since Q3 2014
  • 2015 output 3.4% vs 7.5% in 2014

We've had ups, we've had downs but the main trend for most of 2015 has been down. That's not altogether surprising that's not altogether surprising following the strong run through 2013/14.

The ONS note that the Q4 revision will have a negligible effect on GDP

GBPUSD is higher but it's nothing to do with this number

UK construction output y/y