February 2016 UK construction output -0.3% vs 0.0% exp m/m

Details of the February 2016 UK construction output data report 15 April 2016

• Prior -0.2%. rev
• 0.3% vs 0.7% exp y/y. Prior -0.8%. Revised to -0.9%
• 1.5% vs 1.1% prior 3m/3m

Overall construction was down but Feb saw the biggest 3m/3m jump in homebuilding since Dec 2014. It rose 6.8%. There were falls in private industrial construction which are being blamed on the Brexit vote.

Construction is only a small part of GDP and these numbers can be fairly volatile.

UK construction output y/y