Construction Output y/y reflects the change in the activity level of the UK construction sector in the given month compared to the same month of the previous year. The indicator is calculated as the amount chargeable to customers for construction and engineering work performed in the relevant period excluding VAT and subconstruction payments.
The indicator growth can have a positive effect on GBP quotes.
The chart of the entire available history of the "United Kingdom Construction Output y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.