Construction industry output 'better than first feared' but slump continues

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Published by Jon Land for 24dash.com in Housing and also in Central Government

Output in the construction industry during the second quarter of 2012 may not have been as bad as first feared, according to revised figures published today, but the sector remains under considerable pressure. Office for National Statistics (ONS) data shows that construction output dropped 3.9% during quarter two, less than the 5.2% slump it initially estimated. The sluggish performance of the construction industry was given as one of the main reasons for the UK economy shrinking 0.7% during th...

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