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

Construction at lowest output since 2012

ONS figures have revealed that construction output decreased 2.7 percent in the first quarter of 2018.

The fall was broad-based but was led by an 8.8 percent decline in public house building activity and a 5.9 percent reduction in public non-housing work. Private housing output recorded a fall of 1.6 percent over the quarter.

Compared to a year earlier, total output was 4.9 percent lower during Q1.

Rebecca Larkin, senior economist at the Construction Products Association, said: “This release confirms what was reported in preliminary GDP data: construction had a poor opener to 2018. The 2.7 percent contraction in output was revised up from the initial estimate of a 3.3 percent decline, but this still represents the weakest out-turn since August 2012 and a £1.04 billion loss in output in three months.

“Output declined in each month of the quarter, undoubtedly capturing the pauses in work relating to Carillion’s liquidation in January and the snow disruption in February and March.

“Notably, private housing lost its position as the industry’s star performer, with output falling from a record high, but activity is expected to accelerate as we enter the Spring selling season.” 

Comments

Already Registered?
Sign In
Not Yet Registered?
Register

World Refrigeration Day

Industry has embraced the inaugural World Refrigeration Day (WRD) with events happening all over the world....

  25-Jun-2019

Vaisala HVAC offering

High quality HVAC products bring major benefits for all your project stakeholders....

  13-Feb-2020

New Zanotti GM Wall Mounted Monoblock

AFR Refrigeration Ltd introduces the new GM range of through wall mounted monoblocks with refreshed modern appearance and upgraded touch style control panel keypad.
  14-Feb-2020
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

Euroshop
Institute of Refrigeration Annual Dinner
Futurebuild
Data Centre World

Most read stories

over the last six months