Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

Sharp fall in construction

Official figures offered more evidence of the struggles of the wider building industry, after a disappointing 0.9 per cent fall in construction output during August.

The latest setback undid part of July's post-Jubilee bounceback for the sector, underlining worries over the strength of the overall economy's recovery between July and September. Construction accounts for less than 7 per cent of the economy but industry output is down 11.9 per cent on a year ago.

IHS Global Insight's Howard Archer said builders would make no contribution to growth in the third quarter.