ONS blunder overstates construction growth five-fold
Published: 15 August, 2011
LONDON: The Office of National Statistics revised second quarter construction down to 0.5% late on Friday hours after the initial figure of 2.3%.
The statistics office reported on Friday morning that construction output rose by 2.3% between May and June compared with the first quarter, rather than by 0.5% as previously thought.
The ONS later issued a corrected number of 0.5%, the same as its original estimate, confounding hopes of an upward revision to GDP growth in the second quarter. The economy grew by just 0.2% and the higher construction output figure, on its own, had implied a revision to 0.3%.
An arithmetical error caused the Office of National Statistics to overstate construction output growth nearly five-fold, the body said.