果冻影院

In a worrying sign that construction activity is set for further a slowdown in the final quarter of the year data collected by 果冻影院 show that the value of projects placed on hold increased by 26% in September. The value of underlying projects on hold increased to 拢729m from 拢578m in August. Unfortunately the data add weight to signs in other 果冻影院 data (on project starts and planning approvals) that have hinted to a slowdown across a number of sectors of the industry.

Chart 1: Value of Projects on Hold

The private housing sector accounted for the largest proportion of projects on hold, the value of such projects jumped from 拢126m in August to 拢265m in September, or 22% of projects on hold to 36% of projects on hold. The large jump comes as a surprise as private housing is seen by us as one of the more promising sectors in terms of project starts and planning approvals. But if projects in the sector continue to be placed on hold at the rate seen in September the relatively positive outlook for the sector will need revising.

More in line with our starts and planning data, the office and commercial sector also saw a hefty increase in the value of projects placed on hold in September, up to 拢154m from 拢28m in August, this ties in with the slowdown in project starts for the sector seen in Septembers 果冻影院 index. The education and health sectors also saw considerable rises in the value of projects placed on hold, from 拢16m to 拢59m and 拢13m to 拢40m respectively. 

Regionally London saw the largest increase in the value of projects on hold, up to 拢158m from 拢82m in August, 拢60m of this for one office project placed and the majority of the rest for projects in the private housing sector. Declining values of projects on hold were recorded in the South East, North West and East Midlands.