skip to main content
Find Insight DIY on
* * *

UK DIY News

UK Construction volumes slump to 4 year low

UK Construction

UK construction output fell to its lowest level in four years in the July to September 2016 period, according to the latest figures from the Office for National Statistics.

Access the full ONS report here.

Construction volumes fell 1.1% during Q3 compared to the April-June period, marking this the weakest performance since Q3 2012, although less than the 1.4% drop expected.

Downward pressure came from repair and maintenance, which fell 3.6%, partially offset by an increase in new work of 0.3%.

In September 2016, construction output increased 0.3% compared with August, versus expectations for a 0.2% drop. On the year, output increased 0.2% from September 2015.

Howard Archer, chief UK and European economist at IHS Global Insight, said: “By contracting 1.1% quarter-on-quarter in the third quarter after a dip of 0.1% in the second quarter, the sector is effectively in recession. He said the data showed “a lacklustre end to a poor quarter for the construction sector”.

Interested to having access to all the very latest economic data? Then access the Insight DIY Knowledge Centre here.

Source: ONS Data

 

12 November 2016

Related News

view more UK DIY News
*

Insight DIY is the only source of market information that I need and they always have the latest news before anyone else.

*
Neil Anderton - Sales Director, British Ceramic Tile
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry