Falls and rises in January construction stats

Construction output fell by 2.3% in January compared with January 2011 according to latest figures from the Office for National Statistics.

But a comparison of the three months from November 2011 to January 2012 with the same period a year earlier shows the volume of construction output growing by 0.6% in constant prices, not seasonally adjusted. Of the two main components, new work grew by 0.7%  and repair and maintenance rose by 0.4%.  The largest increase (11.1%) was new infrastructure work and new public non-housing showed the largest percentage fall of 15.4% per cent.

The Q4 2011/Q3 2011 change in the constant price, seasonally adjusted series has been revised to a slight fall of 0.2%, up from the original estimate of a 0.5% fall.

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