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New ONS figures show slight fall in Q4 construction output

According to new figures published today by the Office for National Statistics (ONS), the UK economy grew by 0.7% during the fourth quarter of 2013. However, construction declined by 0.3% in the same three month period.
Commenting on the figures, economics director at the Construction Products Association (CPA), Dr Noble Francis, said: 'The 0.3% decrease in the preliminary estimate for construction in 2013 Q4 was disappointing but followed an increase of 2.6% in the previous quarter. Furthermore, between 2012 Q4 and 2013 Q4, construction output increased by 4.5%.'

He continued: 'This GDP estimate shows that the construction industry's recovery is still in early days. Of the four main sectors, construction output was the only one to register a negative result. However, this was a marginal fall in the preliminary figures within a general upward trend, and our latest forecasts anticipate a 3.4% rise in construction output for 2014.'

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

Thunder: the full inverter reversible R290 heat pump from 40 to 85 kW

Thunder is the newest solution from Clivet, designed with full-inverter technology on latest-generation scroll compressors and axial fans....

  24-Apr-2024

Customised Consulting TM44 Inspection Services

Customised Consulting are accredited to provide TM44 Inspection Services ((also known as Air Conditioning Energy Assessments (ACEA)) for both simple (level 3) and complex (level 4) systems for buildings and can provide competitive quotes in Weybridge, Surrey, Sussex, London and Kent.
  25-Apr-2024
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