In October this year, the output volume of Great Britain's construction industry in non-seasonally adjusted, constant (2005) prices increased by an estimated 5.3 percent compared to the same month of 2012, according to a report released by the UK-based Office for National Statistics (ONS). The total volume of construction output rose by 2.2 percent in October as compared to September. In October, new work rose 2.4 percent, mainly due to strong growth rates of 5.8 percent and 7.5 percent respectively in the new housing and infrastructure sectors, all month on month.
Meanwhile, the volume of construction output increased by 2.5 percent in the August-October quarter, compared with the previous three months.
Commenting on the figures, Noble Francis, director of UK-based Construction Products Association (CPA), said, "The latest output figures highlight that the recovery in construction since the weather-affected first quarter continues unabated. Growth of 2.2 percent in October adds to the upward revisions in output during the first three quarters and overall this will boost UK economic activity by an additional £1.5 billion. Looking forward, the ONS also reported that new orders for construction in the third quarter were broadly flat compared with the second quarter but considerably higher than one year earlier, suggesting that the recent growth should also continue into 2014."
