Reaction to ONS construction industry output figures for October
The latest figures from the Office of National Statistics revealed a surprise fall in out for the construction industry in October.
In comparison with the previous month’s performance, construction output decreased by 0.6% in October.
All new work fell by 0.9%, with infrastructure seeing a drop off of 4.1% on September’s figures.
There was some better news in the shape of an upward revision of September’s figures – up to 0.9% from the original reading of 0.3%
House building also fared well in the report, with a 2.4% rise in new private housing from September.
However, public new housing decreased by 3.0% resulting in an overall growth of new housing of 1.7%
In comparison with October 2015, there were increases in both public and private new housing of 4.4% and 13.9% respectively.
Peter Vinden, Managing Director of The Vinden Partnership – a leading multi-disciplinary consultant company to the built environment said: “These latest figures from the Office of National Statistics are in contrast to those of the Markit/CIPS UK Construction PMI surveys, which painted a far more robust image of the construction industry.
“Last month’s Autumn Statement should steady some nerves when it comes to infrastructure activity following a disappointing performance in these figures.
“There are some positives with encouraging statistics on house building but uncertainty surrounding the construction industry clearly still remains.”