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

Construction sees weak start to 2018

ONS figures have shown that construction output fell by 3.4 percent in January, in the worst monthly performance since June 2012.

On a less volatile three-month basis, output declined by one percent, led by falls in commercial, industrial, public non-housing and repair and maintenance. Data also showed that new orders in 2017 Q4 fell by 25 percent over the quarter and were 1.3 percent lower on an annual basis.

Rebecca Larkin, senior economist at the Construction Products Association, said: “After three quarters of decline last year, it appears that 2018 is unlikely to herald a resurgence in industry growth.

“The fall in activity in January is likely to have been worsened by any pause on projects due to the liquidation of Carillion in the middle of the month. The snow disruption in February and March adds to the downside forces on construction during the opening quarter of the new year.

“The news from the new orders data in 2017 Q4 did little to improve the mood. Although the headline 25 percent quarterly fall was reflective of the spike caused by the award of HS2 contracts in the previous quarter, outside of infrastructure, new orders declined in all sectors, including a 2.3 percent fall in private housing, which has previously been a strong driver of construction growth.”  

Comments

Already Registered?
Sign In
Not Yet Registered?
Register

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

High temperature CO2 heat pump increases hot water efficiency

Mitsubishi Electric has announced the launch of a new commercial heating system running on CO2 (R744) to deliver hot water up to 90°C and help businesses increase the efficiency of hot water production whilst significantly reducing their carbon ...

  21-Sep-2020

Fridge Freezer Direct Introduces J & E Hall's range of Cellar Cooling

Reliable and energy efficient, the JCC range of cellar coolers are designed to be used in wine and beer cellars above or below ground.
  21-Sep-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

Chillventa
14th IIR-Gustav Lorentzen Conference on Natural Refrigerants
FETA Annual Lunch
16th IIR Conference on Cryogenics