Construction output in the UK declined by 3.1% y/y in January 2015
According to the Office for National Statistics (ONS), new orders in the UK construction industry fell by 2.9% q/q in 4Q14. When compared with 4Q13, new orders were down 2.3%. The decline in new work occurred in all areas apart from private industrial, with the biggest decreases occurring in public new housing (-13.1%), private commercial (-8.5%) and private new housing (-5.7%).
The ONS has also released estimates for January 2015. Construction output was 3.1% lower than in January 2014, the first y/y decline since May 2013.
When compared with December 2014, output fell by 2.6%. New work decreased by 4.2%, with declines in private commercial (-6.6%), infrastructure (-2.7%), public housing (-18.4%) and private housing (1.3%). The only sector to experience an increase in new work was private industrial.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/europe-cis/13032015/ons-uk-construction-statistics-4q14-january-2015-515/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Molins announce first quarter results
Net profit reached €48 million, equivalent to earnings per share of 0.73 euros, 6% lower than the same period of the previous year.
