Latest News


Keyword Search

RegionB

Europe / Middle East / Africa

UK construction industry output fell in January

Mar, 19 2012


(UK)  --  According to a report released by the UK's Office for National Statistics, the construction industry output of the UK in January 2012 fell by 12.3% MoM and was down by 2.3% YoY, while for the three month period ending January 2012, output was 10.6% QoQ.

Commenting on the figures, UK based Construction Products Association's economics director Mr Noble Francis said that "Overall, we are not particularly surprised that construction output has continued to decline, due to the effect of the public sector cuts. The government has made much play on private sector construction leading the recovery, as the public sector cuts begin to bite. Unfortunately from the ONS data out today, this recovery is just not happening and even commercial activity, usually the largest private construction sector, is showing a fall of 11%."

Source:

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Eagle Materials to buy CRS Proppants

Dallas, Texas-based Eagle Materials has agreed to buy CRS Proppants and its subsidiaries, including Great Northern Sand for $225 million. More

Environmentalists challenge changes to Wisconsin environmental law

In two separate actions by Wisconsin lawmakers and Gov Scott Walker since the start of the year, the process for determining environmental impacts of projects requiring permits from the state Department of Natural Resources has been scaled back along with the public’s ability to comment on them. More

Advertise Here