The latest Construction Trade Survey, published today, shows that activity in the majority of the construction industry fell during the first quarter of 2013 with the impacts of falling demand exacerbated by the adverse impacts of poor weather. Looking forward, industry prospects remain downbeat with contractors, specialists and civil engineers all reporting declining orders for future work.
Construction Products Association launches new blog
Today’s GDP figures, published by ONS, show that the UK economy grew by 0.3 per cent in the first quarter of 2013 compared to the previous quarter and was up 0.6 per cent compared to the same quarter a year ago. Construction fared much worse, declining by 2.5 per cent quarter-on- quarter and 5.9 per cent year-on-year.
Construction output is set to fall by more than 2% this year following an 8% contraction in 2012, according to the latest forecasts published today by the Construction Products Association. A recovery is anticipated in the medium-term with growth of 1.9% in 2014 and 3.8% in 2015.
The Construction Products Association’s latest State of Trade Survey indicates that sales of construction products fell during the first three months of 2013 with poor weather exacerbating conditions for the industry.
The Construction Products Association welcomes the Chancellor’s strong commitment to making the UK a good place for business. This year’s Budget Statement has clearly shown support for UK manufacturing through a variety of key initiatives.
The latest figures from ONS published today show that construction output fell sharply in January, with falls across almost every sector of the £100 billion industry. Overall, construction output in January was 6.3 per cent lower than in December and 7.9 per cent lower than it was one year ago.
The Construction Products Association has called on the Chancellor to recognise the potential construction and product manufacturing has to drive short-term growth and enable long-term prosperity for the UK. It is vital government spend the £4.69 billion capital investment boost announced in the 2011 Autumn Statement and the additional £5.5 billion announced in December. Together these investments would provide at least an additional 0.8% growth in GDP if delivered.
The latest Construction Trade Survey published today, shows that the majority of the construction industry endured a difficult final quarter of 2012, due to declining output and orders on the demand side, combined with rising costs on the supply side.
Today’s GDP figures, published by ONS, show that the UK economy has fallen by 0.3 per cent in the final quarter of 2012 compared to the previous quarter and was flat compared to the same quarter a year ago. The main contributors to this fall were the manufacturing and mining and quarrying sectors, which fell 1.5 per cent and 10.2 per cent respectively. Construction overall fared slightly better, growing by 0.3 per cent quarter on quarter, however compared to the same period a year ago construction was 11 per cent down.
Construction output is forecast to fall by more than 2% this year, according to the latest forecasts published today by the Construction Products Association. These figures come on top of the sharp decline experienced in 2012, when the industry contracted by nearly 9% and indicate that recovery in the sector is still twelve months away.
Figures of construction new orders for the third quarter of 2012, which have been released today by ONS, are 7 per cent lower than the same quarter of 2011and 5 per cent lower over the first three quarters of this year, when compared to the same period last year.
Construction activity remains a key plank in the government’s growth strategy according to the Chancellor, who outlined several initiatives in his Autumn Statement, which he hopes will help stimulate the recovery the economy desperately needs.
Ahead of the Autumn Statement this week, the Construction Products Association is urging the Chancellor to shift from current to capital spending in order to inject funding into repair, maintenance and infrastructure, as outlined in the Association’s submission to Treasury last month.
The Construction Products Association has launched its latest showcase publication Construction Products Innovation and Achievement (CPIA), which highlights some of the most innovative products and processes that have been developed by the construction products industry within the last year or so.
The latest Construction Trade Survey published today shows that construction activity fell sharply in Q3, despite a return to growth for the UK economy as a whole. Of greater concern, however, the forward looking indicators of orders and enquiries, were also negative, reinforcing concerns that the sector is unlikely to experience growth until at least 2014.
Construction output is forecast to fall by 6.3% this year and a further 1.4% next, before a return to growth in 2014 according to the latest Construction Industry Forecasts published today by the Construction Products Association.
The Construction Products Association’s latest State of Trade Survey indicates that product manufacturers suffered from a slowdown in sales and exports in Q3 with problems for the sector were made worse by rises in cost inflation.
Chief Secretary to the Treasury, Danny Alexander, has today (September 23), announced the creation of the new National Infrastructure Plan Strategic Engagement Forum [NIPSEF] at the Infrastructure Alliance Liberal Democrat fringe event. NIPSEF will bring government and industry together to help deliver the UK’s infrastructure needs.
The latest quarterly ONS figures for construction new orders released today show that new orders for construction remained at a depressed level in the second quarter of 2012, despite having risen 1.5% in the first half of 2012 compared to the same period one year earlier. New orders remain 40% lower than the pre-recession peak.
The Construction Products Association has cautiously welcomed the Prime Minister and Deputy Prime Ministers’ announcement to boost the housing sector.
The ONS construction output figures for Q2, which have been published today, confirm that nearly every sector of construction activity, from private to public and from housing to infrastructure, has shrunk considerably over the last year and that overall, construction activity across GB has contracted by 9.5% in a year.
The latest Construction Trade Survey published today, shows that during the second quarter of 2012 construction suffered another sharp fall across all parts of the industry including current workloads, new orders and tender prices, adding to the continuing woes and growing uncertainty for the UK economy as a whole.
The latest construction industry waste figures show that the industry is continuing to make good progress with regard to reducing the amount of construction and demolition waste going to landfill, even allowing for the decline in construction activity due to the recession. The latest figures, published today, show that since the baseline figure was established in 2008, construction and demolition waste to landfill has reduced by 1.87 million tonnes. The industry is therefore on target to meet the halving waste to landfill target for these two particular waste streams.
Today’s GDP figures from ONS show that the UK’s recession deepened further in the second quarter of 2012, led predominantly by further sharp falls in construction activity. Whilst overall, the UK economy shrank by 0.7% between Q1 and Q2, construction fell 5.2% over that same period, indicating that the construction sector was now in a deep depression, despite a number of recent initiatives by government to spur growth.