We've now got the official output data for 2018 that confirms the overall weakening in construction activity that had been suggested in industry surveys. Last year, total output rose only 0.7 per cent, marking a slowdown from the 7.1 per cent growth recorded in 2017, and the slowest pace since 2012. Although such a slowdown naturally raises concerns throughout the industry, it is worth pointing out the context of output being at a historically high level and 12.9 per cent above the pre-recession peak reached in 2007.
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