SEARCH

Construction output declines

ONS figures have revealed that construction output contracted in the third quarter of 2017.

Output decreased by 0.9 percent in a downward revision from the preliminary estimate of a 0.7 percent decline released in October, and follows the 0.5 percent fall in output recorded in Q2.

Rebecca Larkin, senior economist at the Construction Products Association, commented: “At a headline level, today’s data shouts ‘construction recession’, marked by two consecutive quarters of falling output. However, output remains at relatively high levels – 1.1 percent higher than a year ago and 7.1 percent higher than 2015 Q3.   

“There is also a clear variation in performance by sector, as highlighted in the CPA’s forecasts. Private housing output rose 1.8 percent to a record high during the quarter, with demand and confidence sustained by the Help to Buy equity loan. The £10 billion extra funding for the policy announced last month will maintain impetus in house building, with greater certainty over affordable rent-setting also supporting building by housing associations.

“Nevertheless, areas of weakness include private commercial, where new orders have fallen for three quarters and signal a lack of offices and retail projects to replace those now coming to an end. This is echoed in the public non-housing sector, which is suffering from lower volumes of work on schools and a dearth of new large hospitals projects.”

13 November 2017

Comments

Already Registered?
Sign In
Not Yet Registered?
Register

Pentland Wholesale boosts business development team

Pentland Wholesale Limited has appointed Brendan Murphy as its distributor business development manager covering the South of England, working with and developing the Pentland Wholesale distributor partner network....

  20-Apr-2018

Blygold PoluAl XT passes fire and smoke tests for railway applications

Blygold PoluAl XT has successfully passed a series of extreme fire and smoke tests to ensure safe and effective use in railway applications....

  17-Sep-2018

Van Spall Associates

van Spall Associates offer air cooled condensers and chiller units suitable for a wide range of applications, which include: Food processing & beverage cooling Retail stores Air-conditioning Cold stores Industrial refrigeration & process chilling
  18-Sep-2018
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Jobs

Technical Sales Engineer - Supermarket Construction Sector

EVDS is a UK leader in vacuum drainage technology for the building industry, with clients such as Tesco, Sainsbury, Asda and Waitrose, and major projects such as Heathrow T5 and St Pancras International Station, as well as many other key ...

Diary

Cool Talk Breakfast Briefing
IOR Northern Branch Annual Dinner
Chillventa
Building Engineering Services Association Conference and Awards
IOR Scotland Annual Dinner