Gleeds Q4 2015 Inflation Report - Do official figures match reality?

After a positive turnaround in the last quarter, the Office for National Statistics (ONS) reported a decline in construction output, particularly in the housing sector.

However, Bank of England research indicates that construction activity may be stronger than the ONS data suggests. RICS and Gleeds’ research supports the view that construction output is gaining momentum across all UK regions. Meanwhile the employment rate has increased and is at it’s the highest level since 1971.