Construction probably didn’t shrink 3.3% in the final quarter…at least we don’t know that it did.
The figure for construction output within the latest “shock” GDP preliminary estimate figures showed construction output for the UK down 3.3% in the final quarter compared with the previous quarter. The release also estimated that the snow effect on construction alone caused a drop in quarterly GDP of 0.1%. Well did construction output fall by 3.3%?