Sharp decline in construction drags GDP growth

  • But while steady growth in the UK as a whole is still expected, the prospects are less optimistic for Northern Ireland.
  • A STEEP decline in construction output dragged down growth in the UK’s economy in the last quarter with the slow down worse than anticipated at 0.5 per cent.
  • Analysts had forecast that growth would slow slightly from 0.7 per cent in the second quarter to 0.6 per cent in the three months to September.
  • Manufacturing continued to struggle as it fell by a more moderate 0.3 per cent, while mining and quarrying increased 2.4 per cent.
  • Meanwhile, chief executive of the Federation of Master Builders Brian Berry said the figures “will shake away any complacency that the recovery in the construction industry can be taken for granted”.