FX.co ★ United Kingdom's Construction Output Sees a Significant Drop of -1.9% in February 2024

In the latest data released on April 12, 2024, the construction output in the United Kingdom experienced a substantial decrease of -1.9% in February 2024 compared to the previous month. This marks a stark contrast to the 1.1% growth recorded in January 2024. The Month-over-Month comparison reveals the challenging landscape the construction sector is currently facing in the UK. The unexpected downturn in construction output could potentially have broader implications for the country's economic growth and development moving forward. Analysts and policymakers will closely monitor this trend to assess the impact on the overall economy and identify potential areas for intervention and support.