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

Construction output marginally down in Q4

UK GDP (gross domestic product) increased by 0.5% during quarter four, according to the latest report by the ONS (Office for National Statistics).

 

Within this, construction output was marginally weaker (0.1%), its second consecutive quarterly fall following the third quarter’s 1.9% decline.

 

Economics director at the Construction Products Association (CPA), Professor Noble Francis, said: “Construction output endured a slowdown in the third quarter of 2015 and experienced mixed fortunes during the final quarter. However, the ONS’s -0.1% is broadly flat and needs to be taken within the context that it is the ONS’s preliminary estimate of UK economic activity with only around 40% of the data available.

 

“The figure is also likely to be revised when the full set of data is available. Construction experienced a similar situation almost a year ago when it was initially reported that construction had two consecutive quarters of declining output but, subsequently, upward revisions occurred to both quarters.

 

Professor Francis added: “The key fundamentals in the construction sector are positive. Our latest forecasts anticipate growth in 2016 of 3.8% in construction output based upon growth in house building, commercial offices and infrastructure. There are considerable risks to the forecasts, however, due to skills availability and concerns about the potential impacts of both global economic volatility and the EU referendum on the UK economy and investment in construction.”

 

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

Blended Products launches Serviceblend AIR

Blended Products has expanded its Serviceblend range with Serviceblend AIR, which is formulated specifically for air source heat pumps to help maintain optimal thermal conductivity whilst preventing unnecessary maintenance. Serviceblend AIR is an ...

  25-May-2023

New SEC HD - Electric Expansion Valve Controller Heavy Duty Series

Designed to offer world-class superheat control performance, the SEC HD controller comes with the ability to be installed inside cold storage rooms, and this new product is the perfect solution for those in the refrigeration industry looking for greater control and efficiency.
  03-May-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

BESA National Conference