Home  |  About us  |  Information &
publications
 |  Strategic
Forum
 |  Discussion  |  Links  |  News  |  Blog  |  Contact us

Building a Better Future for the Construction Industry

Latest figures show £8bn decline in UK construction industry output   11th January 2013

The performance of the UK construction industry looks set to have declined significantly in 2012 compared to 2011 as the latest output statistics for November 2012 were published today (11 January 2013).

The figures show big declines in output across all of the main industry sectors including a 16% fall in output from the private commercial sector during the three months to November and a 20% decline in public sector housing output over that same period. Other public sector work has also fallen back significantly, down 17% between September and November last year.

Commenting on the figures, Scottish Building Federation executive director Michael Levack, said:

“With eleven months of data now compiled for the construction industry last year, output has fallen by more than 8% compared to 2011, wiping more than £8 billion off its value to the UK economy. We’ll need to wait until early March to see how the Scottish industry has performed in the last quarter of 2012 but I fully anticipate that those figures will also show steep falls in output for the full calendar year.

“What’s more, our own membership survey published in December and the recent survey from the Royal Institute of Chartered Surveyors both confirm that the future outlook for the industry remains extremely challenging.

“In this context, there can be no greater priority for ministers than to use all instruments at their disposal to get shovels in the ground quickly on publicly funded projects and to introduce additional tax measures to stimulate private sector demand, in particular by slashing VAT on building repair and maintenance works.”
  

 

NEWS ARCHIVE Subscribe to the Construction Alliance News feed

21.8.15
CECA Chief Executive Alasdair Reisner comments on the publication of the consultation on the introduction of an apprenticeship levy
Commenting on the publication of the consultation on the introduction of an apprenticeship levy, CECA Chief Executive Alasdair Reisner said: More

21.8.15
Government right to use buying power to boost apprenticeships, says FMB
The Government’s announcement that bids for public sector contracts worth more than £10 million must demonstrate a clear commitment to apprenticeship training will help boost apprenticeships numbers, according to the Federation of Master Builders (FMB). More

19.8.15
Two thirds of UK building companies turn down work
New research has revealed the extent of the current skills shortage in the UK building industry – with 66 per cent of small construction firms admitting they have been forced to turn down new business due to this lack of resource. Almost half have been forced to outsource work to third parties rather than leave work unfinished. More

Earlier items

divider
follow us on twitterfind us on Facebookwatch us on YouTube