GDP is Held Back by Fall in Construction Output

A recent revision of figures by the Office for National Statistics ONS shows that. During the first quarter 0f 2012 that the construction output,  was actually worse then what was reported previously. In fact the actual figure has now been to revised to a contraction of 0.3 as opposed to 0.2 reported earlier on the year.

This is in despite slight recoveries in other sectors within the British economy and implementation of civil projects. Such as the Olympics and other projects such as cross rail.

This news piece was brought to you by steel beams London one of London’s leading steel beam and rsj beams providers.

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