Stakeholder - The Vinden Partnership

Construction output drops, but market remains confident

The latest statistics from the Office of National Statistics show that construction output has dropped in the three month on three month series.

A small drop of 0.8% has been recorded, which has been driven mainly by drops in private commercial and public new work.

However, levels still remain high with output still hitting a high against the low of 2013. The industry is still going forward with levels at 27.3% above this low point.

Martin Bennett, Main Board Director of The Vinden Partnership, said: “The latest ONS results just reflect just how volatile an industry construction is. This fall has occurred despite a rise in the month-on-month time series, with construction output rising 0.6% after two consecutive months of decline.

“Construction output peaked in January 2017, reaching 29% above January 2013 and despite the three month on three month series falling with these latest statistics, construction output remains 27.3% above this level.

“Strides are being taken in housing and infrastructure work which should continue to drive the industry and bring increases to output with the next statistics released.”


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