–UK Q2 New Construction Orders Fall 14.0% Q/Q, -9.0% Y/Y
LONDON – The total volume of new construction orders slid in
Q2, despite strong gains in private commerical demand, as public
expenditure on construction fell back sharply and private housing orders
also dropped, according to data from the Office for National Statistics.
Overall new construction orders fell 14% on the quarter and dropped
9% on the year, the data show.
Private housing orders dropped 24% on the quarter and rose 7% on
the year. Public housing orders fell 23% in Q2, but rose 12% on the
year.
Public and private infrastructure orders fell 22% on the quarter
and also fell by the same amount on the year.
Public non-housing orders (excluding infrastructure) orders fell by
13% in Q2 and were 17% down on a year ago. Private commercial orders in
the second quarter of 2010 fell by 7% compared with the previous quarter
but rose by 4% on the year.
Private industrial orders rose 26% in the second quarter but
dropped 13% on the year.
–London newsroom: 4420 7862 7492; email: wwilkes@marketnews.com
[TOPICS: M$B$$$,M$BDS$,MT$$$$,MABDS$]
