01785 747 600 / email us

News

Output in the Construction Industry Falls by 1.3% in First Year-on-Year Fall Since May 2013

The latest report from ONS estimated that output in the Construction Industry during August had decreased by 4.3% in comparison with the previous month.

For the first time since May 2013 we saw a year-on-year fall in output at 1.3%.

The decreases in output have come from all work types with a 3.6% decrease in new work and a 5.6% decrease in repair and maintenance work.

Quarter Comparisons

In a comparison between the first and second quarters of 2015, it was reported that construction output had fell by 0.8%, with a decrease in R&M of 3.6% whilst an increase of 0.7% in new work was reported.

When comparing the second quarter of 2015 with the second quarter of 2014, construction output was estimated to have increased by 2.8%. All new work increased by 5.6% whilst R&M decreased by 4.6%.

An overview of how the Output within the Construction Industry has changed over the past 5 years can be found below.

Figure 1; All work – monthly time series chained volume measures, seasonally adjusted (SA) index (2012=100)

August 2015

Figure 1: All Work – monthly time series chained volume measures, seasonally adjusted (SA) Index (2012 = 100)

Read the full report here.

NEED HELP RESOLVING A DISPUTE?
WE CAN HELP

As construction dispute resolution experts, we help corporate clients and contractors get the result they need.

For free expert advice, simply fill out the form and one of our directors will call you back.

GET YOUR FREE INITIAL CONSULTATION TODAY

Back to News

Kenzie Claims Assistant