Business, industry and trade Construction output in Great Britain: August 2017 Construction output contracted by 0.8% in the three month on three month series in August 2017 but remains at relatively high levels. The three month on three month decline in output was due to decreases in both repair and maintenance, which fell 0.6% and all new work, which fell 0.9%. Construction output grew 0.6% month-on-month in August 2017, predominantly driven by a 1.7% rise in all new work. Economy UK trade: Aug 2017 Between the three months to May 2017 and the three months to August 2017, the total UK trade (goods and services) excluding erratic commodities deficit widened by £2.9 billion to £10.8 billion. Between the three months to May 2017 and the three months to August 2017, the total UK trade (goods and services) deficit widened by £6.2 billion to £13.2 billion; this was largely due to a switch from a surplus to a deficit on the balance of erratic commodities, such as non-monetary gold, that can have large effects on headline movements and make it difficult to discern underlying trends so users are advised to put more emphasis on the UK trade excluding erratic commodities balance. Short-term indicators economic commentary: October 2017 Commenting on today's short-term indicator figures, Office for National Statistics senior statistician Kate Davies said: Turnover in production and services industries: August 2017 Monthly turnover, exports and orders for the production and services industries. |
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