ACR-News
Know what you want? Try our 'Supplier Directory' 

Construction output falls but new work increases

According to figures published by the Office for National Statistics (ONS) on 11 November, construction output fell by 1.1% for the third quarter of 2016.

This figure was revised up, as expected, from the preliminary estimate of -1.4% released last month, due to the incorporation of late data. New work output increased during the quarter, but the decline was led by lower repair and maintenance activity. On an annual basis, total output rose 0.1%.

Senior economist at the Construction Products Association (CPA), Rebecca Larkin, said: “Whilst today’s figures show a contraction in construction output, surveys across the industry have painted a more positive picture of continued increases in construction activity during the quarter. This suggests that official data are likely to be revised up further as more data becomes available.

“Certainly, the ONS data show that new construction work remains the primary driver of activity, rising by 0.3% during the quarter. In contrast, repair and maintenance work was reported to have fallen by 3.6%.”

She added: “Despite the contraction in Q3, the rise in new orders in Q2, along with broadly positive expectations expressed in industry surveys, points to a favourable performance over the rest of the year. For the year to date, overall construction output remains 0.6% higher than a year ago.”

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

 Testo launches all-new range of compact HVAC measuring instruments

The right measuring instrument for every application: Introducing the new compact handheld measuring instruments from Testo. Delivering precise results wherever you need them – fast, flexible, user-friendly and connected to smartphones and tablets. ...

  31-Jan-2023

Sanhua Selector Tool - Select the right product

Sanhua Selector offers you suggestions for the selection of refrigeration, heat pump and air-conditioning components based on the user’s requirements or on standard operating conditions in common refrigeration, heat pump and A/C system.
  10-Jan-2023
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary