果冻影院

A drop in public sector activity saw UK construction growth stall in the three months to September, according to new figures released by industry analysts 果冻影院.

The 果冻影院 Index, which covers the value of projects starting on site from July to September this year, remains unchanged compared to the same period in 2012, as falls in government-funded work offset strong civil engineering starts and a rise in private housing.

While the value of private housing projects starting on site was up 7% on last year, non-residential building schemes were 11% lower due to sharp declines in the public sector, combined with fewer commercial starts.

果冻影院 data points to a general weakening in publicly funded areas such as health and community and amenity, with social housing recording a 7% drop.

The regional outlook paints a similar picture, with London enjoying the sharpest growth in project starts, increasing by 30% against a year ago, in part due to the rises in private housing, as well as an increase in education projects. 

The East Midlands and the North East have also seen sharp rises in private housing starts.

 In contrast, the West Midlands and Yorkshire and the Humber experienced the sharpest decline; falling by 25% and 22% respectively and reversing growth seen earlier in the year.

果冻影院 Index  

The monthly 果冻影院 Index is based on extensive research of every construction project starting in the UK over the previous three-month period and provides an indicator of developing activity in the industry.

Commenting on the figures, 果冻影院 Economics Director Allan Wil茅n said: 鈥淭he latest data underlines the fragility of the recovery, with falls in government funded sectors and a pause in the flow of private commercial projects offsetting a strengthening in private housing and civil engineering work.

鈥淣evertheless, we anticipate renewed growth during the final quarter of the 2013 and next year as private sector sentiment improves.鈥� 

He added: 鈥淩ecent months have seen a pick-up in the wider housing market, with a rise in mortgage approvals and housebuilders reporting increased sales.  

鈥淭he market recovery is expected to gather further momentum over the next 18 months, sustaining additional growth in private housing starts.鈥�

According to Allan, the commercial and industrial sectors are also expected to pick up during the latter half of the year.

He said: 鈥淭he flow industrial and commercial projects have slipped back since the start of the year, in contrast to the strong growth seen during 2012. 

鈥淗owever there are signs that this period of consolidation is drawing to a close. 

鈥淚ndustrial project starts during the third quarter were 18% up on a year ago and further growth is anticipated for the coming months, while the flow of office projects is also expected to improve as 2014 approaches.鈥�

Civil engineering remains another bright spot, with a doubling in utilities projects resulting in a 29% year-on-year increase which looks set to continue into next year. 

鈥淐ivil engineering starts are forecast to strengthen further during the final quarter of the year and remain firm in 2014, supported by an increase in transport and energy related projects,鈥� Allan said.

He added: 鈥淚n contrast, largely public funded sectors such as social housing and health remain subdued; a trend that is forecast to persist during 2014.  

鈥淗owever education is expected to be a bright spot, as projects from the Priority School Building programme help to lift starts and local authorities address the shortfall in primary school places.鈥�

PR contacts:

鈥� Kirsty Maclagan (Marketing and Communications Manager)

T: +44 (0)1202 786 842鈹侲: kirsty.maclagan@glenigan-old.thrv.uk

鈥� Allan Wilen (Economics Director)

T: +44 (0)751 579 4625鈹侲: 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 construction project started on site in the previous three month period. The index covers civil engineering projects over 拢100,000, office and commercial projects over 拢250,000 and more than 10 units for residential property. It excludes any project over 拢100m. A full copy of the 果冻影院 forecast is available upon request.

About 果冻影院 鈥� a 4C Service

果冻影院 combines comprehensive data gathering and exhaustive research with detailed statistical modelling and expert analysis. We deliver a trusted insight into UK construction trends and activity. Our customers include government agencies, construction companies, suppliers of materials and services to the construction industry. www.glenigan.com 

Table 1: 果冻影院 Indices (Large* projects up to 拢100 million)

Note: * >拢100k civil projects, >拢250k commercial projects, 鈮�10 units residential
r 鈥� Revised, p 鈥� Provisional. Percentage change is against the same period of previous year.
Source: 果冻影院