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March 12, 2018

Chart of the Week: Weakness in UK construction sector a sign of things to come?

by Fathom Consulting.

by Fathom Consulting.

Data released at the end of last week showed that UK construction output fell by 3.4% in January, the sharpest one-month fall in more than five years. In Fathom Consulting’s judgement the UK faces an evens chance of entering recession this year.

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While the UK construction industry accounts for just 6% of total UK output, it is nevertheless a useful barometer of confidence in the economy. Other recent data confirm a slowdown in consumers’ expenditure, with the Visa measure of high street spending falling by 1.1% in the twelve months to February, after adjusting for the effects of inflation.

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