Article 1GRA6 UK construction output rose 2.5% in April

UK construction output rose 2.5% in April

by
Julia Kollewe
from Economics | The Guardian on (#1GRA6)

Biggest monthly increase since January 2014 could be linked to early Easter holidays this year

Britain's construction output bounced back in April and along with strong industrial production data painted a brighter picture of the economy than expected.

The Office for National Statistics said construction output rose 2.5% in April from the previous month. This was the biggest monthly increase since January 2014 and surprised economists, who had expected 1.7% growth. However, the rise was not big enough to make up for March's 3.6% decline.

A 2.3% rise in manufacturing, surging export volumes and a 2.5% construction rebound. Strong April data may push our Q2 UK GDP forecast up.

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