Construction contraction in December
Figures released yesterday showed the construction sector contracted at its fastest rate in six months in December driven by house building being at its lowest in two years.
Forecasters had predicted a reading of 49.5 but the index was at its lowest since June, when poor weather and extra public bank holidays dented output.
Construction only accounts for 7% of Britain's GDP but its troubles reflect the weakness in the wider property sector.
For more details and to watch ITV News Economics Editor Richard Edgar's report click here.
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