Construction sector buoyed by rise in housebuilding
Britain's construction industry saw its best growth for over two years in April thanks to a rise in housebuilding following the previous month's shock fall.
The Office for National Statistics said output lifted by 2.5% in April compared with March – the largest month-on-month increase since January 2014.
Construction growth was helped by a 1.9% month-on-month rise in repair and maintenance work, offsetting a 1.1% month-on-month fall in infrastructure activity, which fell to its lowest level since December 2014.
However the underlying performance of the sector remains sluggish, with output in the three months to April down 2.1% on the previous quarter.
Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.
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