Construction output falls to lowest level since 1997
Construction output has dropped by 6.5 per cent in Q1 2013 compared to the same period in 2012, according to the latest figures from the Office for National Statistics
The volume of private commercial output fell by 2 per cent in the quarter and 8 per cent in the year, to its lowest level since Q4 1997. Output in the sector was worth £5.16 billion in Q1 2013.
Quarter-on-quarter, total output in the construction industry fell by 2.4 per cent in Q1 2013, to £23.6 billion, with all sectors declining apart from private housing repairs and maintenance, which saw a modest growth of 0.4 per cent, reported sister title Construction News.
Looking at the annual percentage change by sector, infrastructure grew by 1.4 per cent in Q1, to £2.88 billion, and private industrial output was flat, growing by 0.2 per cent to £819 million, though both sectors were down in the quarter.
Private housing fell by 2.7 per cent in Q1 compared to Q4 2012, and by 7.8 per cent over the year, while public housing saw a quarterly fall of 4.1 per cent and an annual decline of 10.5 per cent.
Month on month changes revealed that in March 2013, construction output grew by 12.1 per cent compared to February, but was down 7.4 per cent compared to March 2012.
Revisions to the data has meant that output in the previous quarter, Q4 2012, was down 9.0 per cent compared to Q4 2011, but grew by 0.6 per cent compared to Q3 2012.