Construction Output Grows From Q2

Burflex House, Clay Street, Hull, East Yorkshire, HU8 8HA E. info@burflex.co.uk

Burflex House, Clay Street, Hull, East Yorkshire, HU8 8HA E. info@burflex.co.uk

Construction Output Grows From Q2

Construction Output Grows From Q2

The UK’s construction industry is going from strength to strength after recent figures revealed output has increased since the last quarter.

According to the Office for National Statistics’ (ONS) latest data on construction in Great Britain 2018, output in the three months leading to October this year was 1.2 per cent greater than the previous three months.

While this has been slower growth than has recently been seen, an impressive £9,221 million in the new work chained volume measure seasonally adjusted series was achieved in October – marking a historic high since records began in 2010.

Commenting on the results, Neil Knight, business development director at Spicerhaart Part Exchange & Assisted Move, told Showhouse.co.uk that the figures demonstrate a “continuing upward trend in the volumes of new build, both public and private sector, across the country”.

He added: ‘Despite the fears over Brexit, it appears that the government’s plans to reach its new homes targets are starting to bear fruit.”

Mr Knight also noted that planning regulations are relaxed, and developers are now seizing the opportunity to build homes that are most needed, hiring plenty of scaffolders in York to help them achieve their targets.

The data from the ONS revealed there was a strong growth in the sector in September, increasing by 1.7 per cent from the previous month, despite a drop of 0.2 per cent in October.

However, it suggested this could be due to declines in infrastructure, public new housing, and total repair and maintenance. Conversely, private new housing grew by 2.4 per cent, which helped offset the decline slightly.