The ONS has released its Output in the Construction Industry figures for December and Q4 2012. These figures show that the estimated total volume of construction output increased by 0.9% in Q4 of 2012compared to Q3 of 2012.
This week the CPA released its Construction Trade Survey for February. Figures in the survey show that 23% of building contractors reported a fall in output in the private commercial sector during the last quarter of 2012. In contrast, and on a more positive note, theMarkit and CIPS survey reported contractors to have a more confident outlook for their business for the coming 12 months. And the NSCC released its latest state of trade survey, which shows that the outlook for specialist contractors in 2013 is becoming more positive, with 36% reporting an increase in orders in the last quarter of 2012.
Opportunities identified by the CPA for 2013:
- Growth in new Private Housing from National Housebuilders.
- Slight growth in Private Housing RMI, even without the Green Deal.
- Growth in Public Housing RMI, driven by Green Deal.
- (Take a look at our Social Housing Energy Efficiency Research)
- Slight growth in factory and warehouse construction.
- Rail construction will continue to show strong growth, including significant station refurbishment.
- Some growth in road construction, mostly maintenance, this should come through quite quickly.
- Small growth in energy, most activity will slip beyond 2013
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