FX.co ★ U.K. Construction Output Shows Improvement, Reaching 0.7% in January 2024

The latest data on the U.K. construction output for January 2024 shows a positive turn as the indicator reached 0.7%, signaling an improvement from the previous month. In December 2023, the indicator had declined by -3.2%, making this recent increase a welcomed change. The Year-over-Year comparison indicates that the construction output in January 2024 is being compared to the same month a year ago, showcasing a recovery in the sector's performance. The update on this economic indicator was released on 13th March 2024, providing insights into the positive trajectory of the construction industry in the United Kingdom.