Partner Article

Construction industry remains subdued

New figures show that the construction output remains subdued, indicating that difficult times lie ahead for the building industry.

The latest Construction Output figures show that there was no change between October and November, but the figures are still 1.6% lower than in November 2012 when the industry was affected by adverse weather conditions.

It is now likely that the industry will witness further falls in the coming year.

Commenting on these figures, Noble Francis, Construction Products Association Economics Director said: ’Construction output remains extremely subdued having fallen for three of the previous four months and output in the fourth quarter of the year is now likely to fall, mirroring the recent disappointing economic news from the manufacturing sector.

‘The recovery in private sector construction is still very sluggish and with the anticipated sharp falls in public spending on construction in 2012, the industry is now expected to see a fall in output of over 5per cent this year, with no sign of recovery until 2014.’

This was posted in Bdaily's Members' News section by Ruth Mitchell .