ONS revises up construction levels

The Office for National Statistics (ONS) has revised up figures for the construction industry from the fourth quarter of 2010.

Production levels in the sector during the last three months of the year are now stated to have declined by 2.5 per cent, rather than 3.3 per cent.

While the new figures still represent a downturn, it is noted that it is still eight per cent higher than it was during the same period of 2009.

This revision to the numbers has also had an effect on the UK‘s total GDP for the period, with it now standing as a contraction of 0.4, rather than the 0.5 per cent that was initially reported.

However, the fall is still a dramatic slump as a decline had not been expected.

Recent statistics released by the Recruitment and Employment Confederation and KPMG showed that there had been an increase in the number of people appointed to permanent construction roles in the six months to January 2011.

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