Construction output grows year on year

Construction output grew by 2 per cent in January, compared with the same month last year, however, new orders were flat according to official data released today.

Data from the Office for National Statistics showed industry output dropped by 0.4 per cent compared with December to £11.68bn. However, it also showed that the most recent three months saw 1.8 per cent more work than the three months before that. New work continued to grow, with a 3.4 per cent rise on the same month last year, while growth from December 2016 was just 0.1 per cent.

Revisions to data saw 2016 construction output growth boosted to 2.4 percent. New orders fell by 2.8 per cent in the last quarter of last year, with declines in private industrial and commercial work mainly to blame, but the annual volume of new orders is at its highest level since 2008. Meanwhile, in Scotland, it was revealed the construction industry contributed output of £14.5bn last year, slightly down on the £14.7bn during 2015. Output from the housing, private commercial and repair and maintenance sectors north of the border all grew year on year, but infrastructure declined from a record high of £4.2bn in 2016 to £3.1bn last year.

SOURCE: CONSTRUCTION NEWS

By | 2017-03-10T17:12:02+00:00 March 10th, 2017|News|Comments Off on Construction output grows year on year