Infrastructure continues to see growth

Infrastructure was the best performing sector in January according to the latest figures from the Office of National Statistics.

Overall, construction output in January fell by 0.4% in comparison with December 2016.

Repair and maintenance fell 1.3%, with decreases also seen in public housing and non-housing repair and maintenance.

Growth was virtually stagnant in January, with marginal growth of only 0.1%.

However, there was good news on the three-month on the three-month picture, as output rose by 1.8% and new work rose by 2.1%.

The three-month on three-month figures were more positive, with private housing and infrastructure posting increases of 4% and 5.4% respectively.

Private industrial work and non-housing repair were the only sectors to experience a downturn in output.

Despite new orders falling in final three months of last year, the annual amount of new orders is now at its highest point since 2008.

Kate Davies, ONS senior statistician, said: “Taking the last three months together, construction and manufacturing both grew strongly, with considerable narrowing in Britain’s trade deficit.

“However, both manufacturing and construction were broadly flat on the month with the trade balance little changed.

“Construction orders fell back a little overall in the second half of 2016, albeit after strong growth in the first half of the year.”

If you would like to read more articles like this then please click here

The post Infrastructure continues to see growth appeared first on UK Construction Online.