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Reaction to ONS construction industry output figures for February

Vinden Reaction to ONS construction industry output figures for February

The Vinden Partnership expects infrastructure and housebuilding sectors to bounce back.

The performance of the infrastructure and housebuilding sectors in February contributed to a decrease in construction output according to the latest figures from the Office of National Statistics.

Construction output fell by 1.7% in February in comparison with the figures from January.

Infrastructure activity decreased sharply by 7.3%, with housebuilding falling by 2.6% on January’s figures

However, construction output did increase by 1.5% when comparing the three-month on three-month statistics – the fourth consecutive period of growth for time period comparison.

Chris Duffill, a Director at The Vinden Partnership – a leading multi-disciplinary consultant company to the built environment, said: “The results for February from the Office of National Statistics do not make for good reading but it would be a knee-jerk reaction to push the panic button on one month’s figures.

“The fact remains that the country is still crying out for new homes and the huge investment in infrastructure projects should see a recovery sooner rather than later in these sectors.

“Retaining a skilled workforce will be absolutely crucial to the delivery of schemes across the country and the health of the construction industry.”

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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.”



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