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

ONS reports rise in construction output

Construction output increased by 2.2% in October compared with September and by 5.3% compared with a year earlier, according to the Office for National Statistics.
The ONS has also made significant revisions to output during the first three quarters of 2013, which will also boost UK GDP. In addition, buoyant construction new orders for the third quarter should ensure further industry growth into 2014.

Economics director at the Construction Products Association, Dr Noble Francis, said: 'The latest output figures highlight that the recovery in construction since the weather-affected Q1 continues unabated. Growth of 2.2% in October adds to the upward revisions in output during the first three quarters and overall this will boost UK economic activity by an additional £1.5 billion.

'Unsurprisingly, private housing has been the key driver of recent output growth. Demand in the housing market has been boosted by Help to Buy and, as a consequence, output in the sector rose 6.2% in October compared with September and 16.9% compared with a year earlier. In addition, output in the largest construction sector, private commercial, rose 0.8% in October compared with September and grew 8.7% compared with a year ago, driven primarily by major projects in London.'

Dr Francis continued: 'Looking forward, the ONS also reported that new orders for construction in Q3 were broadly flat compared with Q2 but considerably higher than one year earlier, with double-digit annual growth in the private housing and commercial sectors, suggesting that the recent growth should also continue into 2014.'


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

Designed for the future: Daiklin's new VRV 5 series

At Daikin, we continue to push the boundaries in order to create more sustainable solutions, simplify installation, enhance performance in use, and reduce our environmental footprint. In the spirit of the Paris Agreement, we aim to be CO2 neutral by ...

  18-Sep-2020

HVCA will become B&ES on 1 March

From Thursday 1 March the HVCA will become B&ES - the Building & Engineering Services Association.
  03-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