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Current Filter: CAD>>>>>News> Construction activity grows again Editorial Type: News Date: 05-2014 Views: 3368  Key Topics: CAD Construction Survey Results Key Companies: Construction Products Association Key Products: Construction TRade Survey Key Industries: Retail | |||
| The latest Construction Trade Survey has found that construction activity rose again in the first quarter of the year - the first time in six years that the industry has enjoyed four consecutive quarters of growth in activity. Firms across all areas of construction reported increased output Commenting, Dr Noble Francis, Economics Director at the Construction Products Association, said: "Unsurprisingly, private new housing was the key driver of construction activity. On balance, 57% of contractors stated that sector output rose in Q1 compared with a year ago, a considerable rise from the 20% balance reported in 2013 Q4. In addition, output in commercial offices and retail, the largest construction sector, rose for 22% of contractors, on balance, compared with a year earlier. This is a significant rise from the 8% balance reported just three months ago." Stephen Ratcliffe, Director UKCG, said: "The encouraging news is that contractors have now reported four consecutive quarters of growth - with 16% of contractors reporting a rise in output during the first quarter. However, looking beneath this headline reveals that growth continues to be led by private housing, although new work within wider construction showed positive signs." | |||
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