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U.K. construction posts worst decline in five years

GBPUSD News by Newsroom on 05:48 November 10, 2017 EST
For two quarters in a row the UK construction sector has been in declined figures from the Office for National Statistics released on Friday show.

The news should come as no surprise as government war on the UK rental housing market, uncertain post-brexit trade deals and accelerating inflation are making investments in the sector a kamikaze mission.

Construction output fell by 0.9% on the quarter in the July-September period, the largest quarterly decline in five years, the ONS said. The decline was previously estimated at 0.7%.