Friday, 17 March 2017

UK Construction Market Update - February

The ONS have released their Construction Output in Great Britain: January 2017 and new orders October to December 2016. Figures show that construction output fell by 0.4% in January 2017 compared to December 2016, however output grew by 1.8% on a 3 month on 3 month basis. New orders fell by 2.8% in Q4 2016, driven mainly by falls in private industrial and private commercial work. Yet despite new orders falling in Quarter 4 of 2016, the annual volume of new orders is now at its highest level since 2008.