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.”

 

Contact Us

The Vinden Partnership

Regent House

Folds Point

Folds Road

Bolton

Lancashire

BL1 2RZ

Bolton – Telephone: 01204 362888

Nottingham - Telephone: 0115 947 5334

London – Telephone: 0845 504 9733

www.vinden.co.uk

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Thank you to TVP for all your help on this incredibly successful project. We are very grateful for the leading role you have played as Quantity Surveyors and Employer’s Agent in making it come together without any major issues or disputes, which is quite a feat in the building industry.”



Oliver Jackson, Director of Strategy, Roberts Jackson Solicitors
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