Opinion Former Article

CPA warns of marginal fall in Q4 construction output following Q3 growth

Today’s GDP figures, published by ONS, highlight that the UK economy grew by 0.7% in the fourth quarter of 2013; however, construction declined 0.3% over the same period.

Commenting on these figures, Noble Francis, Economics Director at the Construction Products Association, said:  “The 0.3% decrease in the preliminary estimate for construction in 2013 Q4 was disappointing but followed an increase of 2.6% in the previous quarter. Furthermore, between 2012 Q4 and 2013 Q4, construction output increased by 4.5%.

“This GDP estimate shows that the construction industry’s recovery is still in early days.  Of the four main sectors, construction output was the only one to register a negative result.  However, this was a marginal fall in the preliminary figures within a general upward trend, and our latest Forecasts anticipate a 3.4% rise in construction output for 2014.”


ENDS

NOTE TO EDITORS:

The Construction Products Association represents the UK’s manufacturers and suppliers of construction products, components and fittings.  The Association acts as a single voice for the construction products sector, representing the industry-wide view of its members. The sector has an annual turnover of more than £40 billion and accounts for over 1/3 of total construction output.

FOR FURTHER INFORMATION CONTACT:

Noble Francis             Economics Director
Construction Products Association
Tel :                             020 7323 3770
Fax :                            020 7323 0307
Mobile :                       0791 261 2882
E-mail :                        noble.francis@constructionproducts.org.uk

Jeff May                      Marketing and Communications Manager
Construction Products Association
Tel :                             020 7323 3770
Fax :                            020 7323 0307
Mobile :                       0790 447 6166
E-mail :                        jeff.may@constructionproducts.org.uk

Follow the Construction Products Association on Twitter

More Articles by Construction Products Association ...

Disclaimer: Press releases published on this page are from key opinion formers who promote their organisation's activities by subscribing to a campaign site within politics.co.uk. politics.co.uk does not endorse, edit, or attempt to balance the opinions expressed on this page. The content of press releases are wholly the responsibility of the originating company or organisation.

Comments

Load in comments