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Real Estate Briefing - Categorized | Construction, Performance more

UK Construction orders fall 15% in three months

Posted on 13 October 2008

From Building.co.uk: Government figures reveal sharp fall in housing orders only partly offset by a big increase in infrastructure work. Construction orders fell by 15% in the past three months to £6.7bn, according to UK government figures.

Orders in the quarter to the end of August were down by 18% on the same quarter in 2007, with the drop led by sharp falls in orders for private housing, although this was partly offset by a strong upturn in public-sector contracts. The seasonally adjusted figures, from the Office for National Statistics, show that the value of private housing orders, at £912m, was just half that for the same period in 2007….. Full Article: Source


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