UK construction output fell 0.30% in February, compared to the 0.40% decline in January, data from the Office for National Statistics showed on Friday. Analysts were expecting to see no change during the month. On a year over year basis, construction output increased 0.30% in February, recovering from the 0.90% decline seen at the start of the year. Analysts were however hoping to see a 0.70% increase. The declines were driven by a fall in public construction and infrastructure, both of which fell 1.80%, highlighting investors’ concerns over the upcoming EU “Brexit” referendum.
Doha: No Deal on Production Freeze, Oil Prices Tumble
Daily Analysis - 18/04/2016