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

Construction output falls in third quarter

According to the latest ONS figures, released yesterday (27 October), highlighted a decline in construction activity during the third quarter of the year.

 

Output in the construction industry was 2.2% lower than in quarter two and 0.1% lower than a year ago, and was 4.3% lower than the pre-recession peak.

 

Dr Noble Francis, economics director at the Construction Products Association (CPA), said: “The fall in construction output in Q3, compared to a year ago, was the first annual fall since 2013 Q1. Skills shortages have been a key issue recently in the industry and are hindering growth, especially in house building. Where skilled labour is available, wage inflation has also been a serious issue, hindering the viability of many sites.”

 

He continued: “In the private commercial sector, the largest construction sector, there are still many projects in the pipeline due to contracts that were signed 18-24 months ago. However, sharp rises in costs since then, due to a lack of skilled labour, have adversely affected margins and meant that many projects are on hold for the moment whilst contractors go back to clients and renegotiate prices.”

 

Dr Francis concluded: “Overall, recovery is never a straight line and there are always a few bumps and scrapes along the way. Projects in the pipeline across most construction sectors suggest that activity in the industry will rise in 2016 and our forecasts anticipate 4.2% growth in total construction next year, driven by recovery in house building, commercial and infrastructure activity. Skills shortages, however, are proving to be a key issue constraining growth for the industry.”

 

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

The drive for effective decarbonisation – Daikin’s VRV R32 heat recovery solution

To drive the decarbonisation of buildings forward, new systems should reduce both the direct and indirect CO2eq impact. Daikin has focussed on maximising operational efficiency in real life conditions, minimising the impact. The new solution ...

  30-Jun-2022

If you need to open a solenoid valve manually, you need a SVOM!

"THE SMALL TOOL WITH A BIG ATTRACTION" Available from Refrigeration Wholesalers If you would like to become a distributor please contact sales@fridgenius.co.uk
  30-Jun-2022
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

Chillventa