My comment there:
This might be another of Mr. Chakrabortty\’s pieces. Has the symptoms:
Output in the building industry shot up 4% over the quarter, making it the largest contributor to growth.
Rilly? This is what the ONS (you know, the people who collate these statistics) says:
Manufacturing made the largest contribution to the growth, where output rose 1.0 per cent compared with an increase of 1.6 per cent in the previous quarter.
Quite how that morphs into construction being the largest contributor to growth I\’m not sure.
construction is obviously seasonal
Indeed it is. As the ONS say:
Figures are seasonally adjusted.
So that\’s taken care of then.
\”And this is before the chancellor makes the biggest spending cuts since the 1920s\”