Friday, 13 March 2015

Weak official UK construction data contrast with upbeat business surveys

Official data indicated a steep downturn in UK construction activity at the start of the year, following a worryingly sharp decline in the fourth quarter of last year. However, while there are signs that the sector is set to see a tougher year in 2015 compared to 2014, survey data and corporate earnings suggest growth is merely slowing rather than collapsing.