ONS releases construction data for October 2014

The Office for National Statistics (ONS) has released its latest estimates of output in the construction industry for October 2014 and for new orders for 3Q14.

Statistical highlights

• In October 2014, output in the construction industry decreased by 2.2% compared with September 2014. Both new work and repair and maintenance decreased, by 1.7% and 3.1% respectively. In the new work category, only public other new work saw an increase; all repair and maintenance work categories experienced a fall in work in October.
• The second estimate of GDP for 3Q14 published on 26 November 2014 included an estimate of construction, which showed a growth of 0.8%. This estimate has been revised based on updated survey responses and is now estimated to be 1.6%.
• In October 2014, output in the construction industry showed continued year-on-year growth for the 17th consecutive month, increasing by 0.7%. However, this is the weakest year-on-year growth since May 2013.
• New orders for the construction industry in 3Q14 were estimated to have increased by 5.2% compared with 2Q14 and by 3.2% compared with 3Q13. There were increases in private commercial (22.4%), private new housing (12.9%) and infrastructure (8.1%).



Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldcement.com/europe-cis/16122014/ons-releases-construction-data-for-october-2014-23/