|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Sunday 18th of July 2010
July 16, 2010    

ONS issues revised Q1 construction output figures

Bookmark and Share

by Kay Murchie
”ONS

The Office for National Statistics (ONS) has today issued a revised reading of first quarter construction output, which could boost economic growth in the first quarter of the year.

According to the ONS, construction output fell by 1.1% in the first three months of the year - lower than the 1.6% fall which the ONS reported on 12 July.

It is now believed that the revised data could add 0.03 percentage points to GDP on the quarter.

The revision now means that construction output figures will be available for the first and second estimates of GDP.

Last week, the ONS revealed the UK economy grew by 0.3% in the January to March period – unchanged from the previously estimated figure, but marginally higher than the first estimate of 0.2%.

The ONS will publish GDP figures for the second quarter on 23 July.

Gross Domestic Product (GDP), a key measure of economic growth, is closely watched by economists as an indication of the health of the economy.

Discuss this in the Finance Markets forums

Story link: ONS issues revised Q1 construction output figures




Related financial stories to: ONS issues revised Q1 construction output figures:
Previous: «
Next: »

Visited 320 times, 49 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: construction output, , , , , , ,