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  • 果冻影院 Index for June up 20% year on year 鈥 the biggest increase since January.
  • Non-residential work most significant driver of this month鈥檚 Index, showing a 24% rise.
  • Value of private housing starts up by a fifth compared to same period of 2013, with the sector recording fourteenth consecutive month of growth.
  • Green shoots emerging from public sector as education and health see rise in activity. 

Construction growth in the three months to June was at its highest peak since the start of the year, according to new figures from industry analysts 果冻影院.

The , which covers the value of projects starting on site from March to May, is 20% higher than a year ago 鈥 the biggest increase since January.

These latest figures - driven by a renewed strengthening of non-residential work - follow reports from business lobby group the Confederation of British Industry (CBI) on Friday (30 May) that the economy is growing at its fastest pace since its records began in 2003.

果冻影院Index_June-14

The 果冻影院 non-residential index is up by 24% compared to the same period in 2013, the strongest rate of growth seen since the three months to January of this year. This rise has been largely fuelled by the private sector, with the industrial, office and hotel and leisure sectors all seeing healthy improvements in the value of starts.

果冻影院 data suggests that house builders are continuing to open up new construction sites in response to strengthening demand. The value of private housing starts was up by a fifth, matching the strong performance recorded in and marking the fourteenth consecutive month of rising private housing starts.

Commenting on this month鈥檚 figures, Allan Wil茅n, Economics Director at 果冻影院, said: 鈥淎s we head towards the mid-point of 2014, the prospects are improving for construction volumes across the whole of the UK.

鈥淎 renewed strengthening of non-residential work is the most significant driver of the high 20% increase recorded in our latest Index, though the underlying value of project starts also increased across the housing and infrastructure sectors.鈥

He added: 鈥淭he flow of non-residential development showed a pause in the first quarter of 2014, with a modest 1% rise in the value of starts. This came as the rate of growth slowed in commercial work, remaining just sufficient to offset weakness in public sector construction.

鈥淗owever the latest figures show a renewed expansion in the underlying value of starts.鈥

Elsewhere in this month鈥檚 Index, there were positive signs from the public sector. Education and health starts both rose, with community and amenity work the only area seeing a fall. While growth in education fits with the longer term upward trend, the recent upturn in medical construction is not expected to be sustained.

Social housing work has also fallen back over the last three months, with the underlying value of starts down 13% compared to a year earlier.

In contrast, underlying civil engineering starts have expanded at the fastest pace of the three main industry groupings, rising by 38% in the latest period. Work continues to rise across both the infrastructure and utilities sectors, which saw starts up by 29% and 50% respectively compared to 2013.

This widespread growth across the industry was reflected in a buoyant regional picture. Barring Yorkshire and the Humber, where starts were flat on a year ago, every other part of the UK saw an uplift in activity. Strong growth in the East of England was sustained into the three months to May, buoyed by civil engineering work. Scotland and North East England also saw marked improvements relative to a year earlier.

The monthly 果冻影院 Index is based on extensive research of starting in the UK over the previous three-month period, providing an indicator of developing activity and future output in the industry.

PR contacts:

Kirsty Maclagan (Marketing and Communications Manager)
T: +44 (0)1202 786 842鈹侲: kirsty.maclagan@glenigan-old.thrv.uk
 
Allan Wil茅n (Economics Director)
T: +44 (0)751 579 4625| E: allan.wilen@glenigan-old.thrv.uk
 
Notes to the Editor:
The 果冻影院 index of projects starts provides a leading indicator of construction activity in the UK. It is based on data collected about every started on site in the previous three-month period. The index covers civil engineering, office and commercial projects over 拢250,000 and more than 10 units for residential property. It excludes any project over 拢100 million. A full copy of the 果冻影院 forecast is available upon request.

About 果冻影院:
果冻影院 is the UK鈥檚 leading provider of construction data, and . Combining comprehensive data gathering and exhaustive research with detailed statistical modelling and expert analysis, it delivers a trusted insight into UK construction trends and activity. 果冻影院 customers include government agencies, construction companies and suppliers of materials and services to the industry.
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