According to figures from the Office of National Statistics construction output in the three months to October was 9.7% down on the same period last year.
The Office of National Statistics has revealed:
In constant (2005) prices, non-seasonally adjusted, the total volume of construction output in October 2012 was estimated to have been 5.1% lower than in October 2011.
Comparing the three months from August to October 2012 with the same three months one year earlier (constant (2005) prices non-seasonally adjusted) we see that:
The volume of construction output decreased by 9.7%. New work decreased by 11.8% and repair and maintenance by 5.6%
Over the same period:
- The volume of infrastructure work decreased by 1.1%, although this sector has shown recent signs of recovery growing 19.8% in the latest three months compared with the previous three months
- New public non-housing decreased by 18.7%
- Public housing decreased by 20.7%, the largest decline of any sector (although this sector is relatively small, contributing approximately 4% to total construction output)
- The only sector to show growth, when comparing the three months from August to October 2012 with the same three months one year earlier, was public housing repair and maintenance which increased by 4.7%
It is not all bad news though as it was revealed that the volume of construction output has increased by 8.3% (with all sectors except public housing and public non-housing repair and maintenance showing a positive growth) compared with falls in the same two months in 2010 and 2011 of 0.2% and 1.0% respectively.
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Source: Office of National Statistics