Biyernes, Hulyo 15, 2016

Construction industry output fell in May

Construction industry output fell in May as Britain prepared for the EU referendum according to the latest figures released by the Office of National Statistics.

The Office of National Statistics said that output fell by 2.1% in comparison to April’s figures, which had seen a rise of 2.8%.

The figures were also down 1.9% on the same period last year.

When examining the three months (March, April, May 2016), output had fallen 2.1% when compared to the previous three months (December, January, February).

The three months were also down 1.7% on the same three months period in 2015.

There were decreases seen in both all new work (2.6%) and repair and maintenance (1.4%).

Within all new work, the only area that didn’t experience a decrease was infrastructure. The biggest contributor to the fall came in the shape of private new housing.

May saw total new housing fell by 3.2% in comparison with April , with both public and private new housing falling by 0.6% and 3.5% respectively.

This marked the third period in a row of month-on-month falls in total new housing, which makes up for around 22% of all new work, with private new housing responsible for around 19% of all new work.

Total housing contributed 0.7% of the 2.1% fall in monthly output.

Decreases were seen across the board in the repair and maintenance sector.

The ONS figures suggest the uncertainty surrounding the EU referendum continued to hit construction industry output and may have a knock-on effect on figures for the rest of the year.

 

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The post Construction industry output fell in May appeared first on UK Construction Online.


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