Building intelligence: Q2 2019

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Office construction will continue to decline this year and next in a volatile environment

01 / Overview

The latest figures from the Office for National Statistics (ONS) show UK GDP declined by an estimated 0.2% (quarter-on-quarter) in Q2 of 2019, having grown by 0.5% in Q1. Compared with the same quarter of 2018 this represents a 1.2% increase, down from 1.8% in the previous quarter. Overall, we expect 2019 to be the weakest year since the 2008 recession in GDP growth terms. 

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