LONDON (MNI) – UK third-quarter new construction orders, a forward
looking measure of activity in the sector, fell a seasonally-adjusted
4.0% quarter on quarter to stg11.7 billion (on a constant basis), the
lowest since Q1 2009, figures by National Statistics showed on Friday.
The total volume of new construction orders also declined on a
year-on-year basis, down 14% from the same period in 2009.
Infrastructure orders were down by 27% from the second quarter and fell
56% from a year ago, the lowest volume of orders since the fourth
quarter of 2006.
Excluding infrastructure, public non-housing orders decreased 24%
quarter on quarter and fell 37% from a year ago, the weakest volume
since the fourth quarter of 2007.
Only private housing and private commercial orders showed growth in
the third quarter compared with the second quarter.
–Stephanie Sprague; Need To Know News;
email: stephanie.sprague@ntkn.com; Tel: +44 207 862 7481
–London newsroom 0044 207 862 7491; email:ukeditorial@marketnews.com
[TOPICS: M$B$$$,M$BDS$,MT$$$$,MABDS$]
