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Construction orders hit 30-year low

The value of new work in the construction industry hit a 30-year low in the second quarter of this year, official data has revealed.

Revised Office for National Statistics figures showed a seasonally adjusted £9.8bn of new work was ordered  - at 2005 prices – in the three months to the end of June 2012.

This was down 8.5 per cent from the previous quarter, and represented the lowest amount of new work since the third quarter of 1980.

The ONS blamed a “production error” for originally saying new orders had risen marginally in Q2 2012.

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