|  

British housing construction sector records rise in orders

09.01.2020 − 

In the third quarter British housing construction companies recorded an increase in incoming orders of 9.4% to £3.787bn. In the first (-23.2%) and second (-7.4%) quarters incoming orders had declined vis à vis the comparative quarter of the preceding year. According to the statistics published by the Office for National Statistics (ONS) on 10 December, accumulated over the first nine months, seasonally adjusted and at the price level of 2005, an 8.7% decline to £10.890bn ensues. Both private (-8.5% to £10.124bn) and public (-12.1% to £765m) housing construction fell short of the corresponding figures of the preceding year.

In non-residential construction (-2.9% to £16.455bn), incoming orders also developed along negative lines. Declines in incoming orders in the public structural engineering sector (-2.6% to £4.586bn) and for factory buildings (-12.2% to £2.773bn) contrasted with virtually stable development for commercial and storage buildings (+0.2% £9.096bn).

Companies focused on infrastructure projects recorded a 16.1% increase in incoming orders to £7.056bn compared to the corresponding period in the preceding year. Across all building sectors, at £34.401bn, incoming orders fell 1.6% short of the preceding year’s figure.

Tags of this news:

previous − Euroconstruct forecasts only a slight rise by 2022

US housing starts also increase in November  − next