FX.co ★ United Kingdom Construction Output Surges by 1.6% in January 2024

In the latest economic data released on March 13, 2024, it was reported that the United Kingdom's construction output saw a significant increase in January 2024. The previous indicator for December 2023 had shown a decrease of 0.5%, which has now been reversed with the current indicator reaching a positive 1.1% in January 2024. This marks a turnaround in the construction sector, with a total increase of 1.6% between December 2023 and January 2024.

The month-over-month comparison highlights the growth in construction output in the United Kingdom. This surge in construction activity indicates a positive trend in the economy, signaling a potential boost in infrastructure development and investment. The data showcases the resilience and potential for growth in the construction industry, which plays a vital role in driving economic progress and creating employment opportunities across the country.