According to the latest ONS data, in November 2014, output in the UK construction industry was estimated to have fallen by 2.0% compared with October 2014. Repair and maintenance (R&M) was the largest contributor to the fall, decreasing by 4.5%. All work types except public housing R&M reported decreases, notably non-housing R&M, which fell by 6.0%, and private housing R&M, which fell by 4.1%. All new work fell by 0.4%, with all types of new work (except private new housing and infrastructure) reporting decreases: public other (-2.7%), private industrial (-2.3%), public new housing (-1.3%) and private commercial (-1.2%).
However, compared with November 2013, output in the construction industry showed year-on-year growth of 3.6%, with increases in both all new work (5.7%) and repair and maintenance (0.1%). Within all new work there were increases in new housing (21.9%) and private industrial (8.8%), with other work types reporting decreases.
During the September to November 2014 period, compared with the previous three months (June to August 2014), construction output fell by 0.9%. Repair and maintenance decreased by 2.5%, while all new work was flat. However, longer-term growth can be seen when comparing September 2014 to November 2014 with the same three months in 2013. Over this period, new work and repair and maintenance increased by 4.6% and 2.5%, respectively.
According to the ONS results, the only period open for revision is October 2014, which has been revised upwards 0.3%, from a fall of 2.2% to a fall of 1.9%.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.worldcement.com/europe-cis/12012015/ons-releases-uk-construction-data-for-november-2014-122/