Home | BUILDING BRITAIN | Construction output figures for March released by ONS
Construction output figures for March released by ONS
Construction output figures for March released by ONS

Construction output figures for March released by ONS

The Office for National Statistics (ONS) has released construction output figures for March, which reveal declines for the three-month and monthly series.

Output has decreased by 2.7% in the three months to March, according to the latest release, with contributions from both repair and maintenance, and new work.

In addition to the three-month on three-month series, in the month of March, output in the construction sector fell by 2.3%.

It is a continuation of a wider trend, judging from the ONS figures; in February, there was a 1.6% decrease in construction output, in comparison with January.

Similarly, the three-monthly figure dropped by 2.6%.

For March, the declines are worse and in the three months to March, the fall is the biggest seen since August 2012.

According to the data released by the ONS, there was anecdotal evidence that the severe weather conditions experienced in February and March had an effect on businesses and, as a result, construction output.

However, the ONS say it is difficult to pinpoint the exact impact the poor weather has had and Rob Kent-Smith, Head of National Accounts at the organisation, said there was “little impact overall from the bad weather.”

Instead, he said the data is part of a wider picture of a sluggish economy.

He said: “Manufacturing was broadly flat throughout the first quarter following several months of strong growth, with no evidence that the bad weather hampered UK factories as both domestic and international sales stalled.

“Machinery, transport and computer manufacturers all saw their output grow. This was largely offset by falling production of electrical equipment and oil refining.

“The whole construction sector performed poorly in the first quarter with housing, repair work and public works seeing particularly large falls.”

For construction, repair and maintenance in the three months to March fell by 2.8%; for new work, this figure was 2.6% and even private housing – previously a beacon of strength, has contracted by 1.6%.

Despite the decreases though, construction output is 22.7% higher than its lowest point of the last five years, recorded in April 2013.

Check Also

Communities in Scotland to improve railways through Local Rail Development Fund

Communities in Scotland to improve railways through Local Rail Development Fund

Communities in Scotland are to receive a cash injection from the Local Rail Development Fund, …