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Sunday 18th of July 2010
July 16, 2010    

ONS issues revised Q1 construction output figures

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by Kay Murchie

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.

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