Friday, November 11, 2011
Construction output revised up
Posted by David Smith at 01:00 PM
Category: Thoughts and responses

Some better news on the construction sector, which could change the growth story for the past 12 months slightly. In the third quarter output declined by 0.2% but there were upward revisions for the fourth quarter of last year and the first and second quarters of this year.

The revisions, 0.3% in Q4 2010, 0.8% in Q1 2011 and 1.5% in Q2 2011, should add a small amount to growth. Not much, maybe 0.1 percentage points in Q2, but better than nothing. The release is here.