The UK construction sector declined at its quickest rate in March in the latest indication of the broader slowdown for the economy.

Office for National Statistics (ONS) identified that the industry contracted by 3.6{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} – the biggest decline since December 2012.

This has also shown that since comparable records began six years ago that the industry has shrunk for three consecutive months.

The figures come amid warnings that uncertainty ahead of the EU referendum is weighing on growth – though some experts think any impact will not have taken effect until the second quarter of 2016.


However the housing sector bucked the trend, reporting first quarter growth of 4.8{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} – its best since the third quarter of 2014. However, it turned lower in March, with a fall of 0.3{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34}.

Source: Sky News

T H Financial Recovery work with both individuals and businesses in financial difficulty.  If your business is facing problems and you need advice on the options available, such as new funding, business restructuring or help with insolvency, we can help.

Give us a call to arrange a FREE, no obligation consultation.  We handle both informal and formal insolvency work, including:

Business Assessment and Restructuring, New Funding Options, Creditor negotiation and time to pay arrangements, Company and Individual Voluntary Arrangements (CVAs & IVAs), Administration, Liquidation, Bankruptcy.

Give us a call to arrange a FREE, no obligation consultation.  Tel: 01772 641146