Economic Buzz: UK Construction Output Dips For Third Straight Month In March

UK construction output dropped 2.3 percent month-over-month in March, following a 1.0 percent fall in February, data from the Office for National Statistics showed Thursday. The decrease stemmed from a fall in all new work, which also continued to decline following a contraction in February, decreasing by 2.9 percent. On a yearly basis, construction output slipped 4.9 percent in March, faster than the 1.8 percent decrease in February.