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


US Silica ranked 'Best Small Company'

US Silica Holdings has been ranked in the Forbes’ 36th annual list of America’s Best Small Companies. More

Trimble Loadrite available on Liebherr crawler excavators

Trimble’s Loadrite X2350 system is now available as a factory fit on Liebherr R 936 to R 980 SME crawler excavators. More

Advertise Here