Construction output falls for fifth quarter
Latest ONS statistics show bleak state of industry
Construction output fell again in the third quarter of 2012, making it the fifth consecutive quarter to see a drop.
The latest figures from the Office for National Statistics show a 2.6% fall with the total volume at its lowest since the second quarter of 1999.
Seven of the nine construction sectors showed a fall in the third quarter, with the largest decrease being in private commercial which fell by 8.2%.
Steve McGuckin, UK managing director of Turner & Townsend, said: “With output tumbling to its lowest level in 13 years, it’s almost as if the last decade’s construction boom never happened.
“The decline in public sector non-housing work comes as no great surprise as the government’s austerity measures kick in. But at nearly a fifth down on Q3 2011, the drop has been precipitous.
“Many in the industry had hoped that if they could just limp through 2012, next year would be better. But with the sector continuing to contract, the optimists are being forced into a drastic rethink.”