Legal Experts Say Slump Likely To Continue In Wake Of Brexit Vote

Experts say uncertainty prior to the EU Referendum could account for construction output falling by 2.1% in May, compared to the previous month.

Figures released by the Office for National Statistics (ONS) show the fall in May was almost a complete reversal of April's 2.8% rise in construction activity.

The ONS said that as construction output accounts for 6% of the UK’s Gross Domestic Product (GDP), in June it would have to increase by 1.9% to avoid having a detrimental effect on the wider economy.

Given data from the private sector which has already been released, it is unlikely construction output will grow by the amount needed to leave GDP unaffected.