Key Statistics: 28th February 2012

Glenigan's weekly roundup of keys statistics for the UK construction industry and the wider economy.

Construction

• Figures from the latest GDP estimate show that construction output fell by 0.5% over the fourth quarter of 2011.

UK Economy

• UK gross domestic product fell by 0.2% over the fourth quarter of 2011.
• Output of the production industries fell by 1.4%, within which manufacturing fell by 0.8%.
• Output in the service industries was unchanged.
• Household consumption expenditure increased by 0.5% over the final three months of the year.
• In current price terms, compensation of employees fell by 0.3%.
• Business investment over the fourth quarter of 2011 fell by 5.6% on the previous quarter and by 2% on a year ago.
• The seasonal adjusted index of services increased by 2.4% in December 2011 compared to the previous year.