Stakeholder - Gateley Vinden


Construction output drops

The latest ONS construction statistics have been published in the three-month on three-month series.

Following on from the more volatile monthly series, the three-month series gives a fuller picture of the construction climate.

The latest statistics show a difficult start to the year for the industry, with a decline in output for the sixth consecutive month. Construction output has been calculated as falling 3.4% in April, the biggest fall seen since August 2012.

With figures from the monthly statistics showing output rebound somewhat in April, the three-month series shows that the industry suffered quite badly over the winter period. Anecdotal evidence from the monthly series points towards the terrible weather in March slowing construction starts on site and this may well have affected the winter three-month on three-month, with the industry in general slow-down mode over winter. The April monthly figures showed an increase of 0.5% as the spring weather turned sunnier.

With construction output peaking in December 2017, at 30.3% above the lowest point in the last five years (April 2013), we must still bear in mind that output is still 23.4% above the low point, and confidence in the sector remains steady.

Commenting on the latest series, Peter Vinden of the Vinden Partnership said: “The latest three month series show the UK construction sector has suffered over the winter, dropping from a high of 30.3. The drop of 3.4% in the three months from February to April is one of the biggest drops in output since the recession in August 2012.

“The terrible weather has obviously played a part, with starts on site and completions delayed due to snow, leading to a stuttering start to the year. Hopefully as the weather turns we will see the numbers rebound.

“However, rising costs of materials is playing its part in holding back the industry, with the economy still in turmoil and no resolution to the Brexit question all playing a role. Recent research from the FMB shows 84% of builders believe costs will continue to rise in the short term.

“The struggle to secure skilled workers – and the wage premium they carry, will also affect construction firms large and small.

“The next nine months will be crucial for many industries; in particular construction with its reliance on EU workers, the industry is also subject to the vagaries of materials costs.”

 

Contact Us

Gateley Vinden

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.gateleyvinden.com

 twitterfacebooklinkedin
  • UK Construction Online’s Stakeholder page offers you the chance to find and learn about the leading companies in the UK Construction Industry.

    Featuring the very best suppliers and operators in the sector our stakeholder’s pages offer detailed information about the company, their latest case studies and press releases, plus products and services and testimonials.

    We work with our stakeholders to constantly update and maintain this database to ensure that the information is relevant and helpful for those looking to source premium quality companies in the UK construction market.

    You can ‘View all Stakeholders’ or use the drop down menus to find specific stakeholders via their company name or by sector.

    Join the Fastest Growing Community for Construction

    UK Construction Online's Stakeholder package quickly connects your company to our vast audience of over 250,000 visitors a month.

    View our latest Alexa ranking:

    What is a Stakeholder?

    A stakeholder is a Mircosite that has the power to highlight a product or service, launch a promotion, or promote brand awareness to the construction industry in a way that full websites or more traditional marketing cannot.

    All stakeholders have the ability to have their latest press releases and case studies promoted across the UK Construction Online platform. UK Construction Online is updated daily, with the latest news across all sectors within the construction industry and all stakeholders are promoted on both social media and to a mailing list of over 122,000 subscribers.

    UK Construction Media
    0800 6127680
    enquiries@promarkmedia.co.uk