Latest ONS construction data point to growth in 2011 – that’s not what the industry thinks
Expect another row to erupt over the latest set of revisions to the construction output figures. If we accept the latest data, the suggestion now is that construction output in 2011 will be up by about 3% on its 2010 level, in the absence of a catastrophic collapse in the final three months of the year. The revisions added about 1% to official construction output in the first half of 2011. The most notable revision is to growth in output…