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Construction News
16/11/2015
New Figures Show 2.2% Output Decrease In Sector
New figures from the Office for National Statistics (ONS) have revealed a 2.2% fall in construction industry output in the third quarter of the year.
The decrease follows a predicted trend, which saw output fall by 0.1% in the period of July to September.
The ONS also found that downward pressure on the quarter came from both all new work and repair and maintenance which fell by 2.2% and 2.1% respectively, with all work types except infrastructure and private industrial reporting decreases.
Other key findings include:
• In the 3 months that make up Quarter 3 (July to Sept) 2015, the largest fall was seen in August (-3.4%).
• In September 2015, output in the construction industry was estimated to have decreased by 0.2% compared with August 2015 due to a fall in all new work of 2.4%. This was offset by repair and maintenance which increased by 3.8%.
• On the year, output in the construction industry decreased by 1.6% in September 2015 compared with September 2014.
• The release for September 2015 has a revision period back to July 2015. Output in the construction industry has been revised downwards by 0.2 percentage points in July 2015 and upwards by 0.9 percentage points in August 2015 to -1.2% and -3.4% respectively.
(MH/CD)
The decrease follows a predicted trend, which saw output fall by 0.1% in the period of July to September.
The ONS also found that downward pressure on the quarter came from both all new work and repair and maintenance which fell by 2.2% and 2.1% respectively, with all work types except infrastructure and private industrial reporting decreases.
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Other key findings include:
• In the 3 months that make up Quarter 3 (July to Sept) 2015, the largest fall was seen in August (-3.4%).
• In September 2015, output in the construction industry was estimated to have decreased by 0.2% compared with August 2015 due to a fall in all new work of 2.4%. This was offset by repair and maintenance which increased by 3.8%.
• On the year, output in the construction industry decreased by 1.6% in September 2015 compared with September 2014.
• The release for September 2015 has a revision period back to July 2015. Output in the construction industry has been revised downwards by 0.2 percentage points in July 2015 and upwards by 0.9 percentage points in August 2015 to -1.2% and -3.4% respectively.
(MH/CD)
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