Infrastructure output plummets
14 May 2012
New figures from the Office for National Statistics (ONS) have revealed the volume of infrastructure work slumped during the first quarter of 2012.
Infrastructure showed the largest decrease of all construction sectors during the three months, with a quarter-on-quarter volume reduction of 15.9%.The figures contributed to a 4.8% fall in volume of construction output during the first quarter of the year compared with the final three months of 2011.
Last month, initial estimates from the ONS suggested construction had fallen by 3%, dragging the UK economy back into recession. The revised construction figures suggest the economy is in a worse position than originally stated.
