Cement News tagged under: Construction Products Association
UK construction rebound not seen until 201416 October 2012, Published under Cement NewsConstruction output is forecast to fall by 6.3% this year and a further 1.4% next, before a return to growth in 2014 according to the latest Construction Industry Forecasts published today by the Construction Products Association (CPA). This decline will mean a reduction of almost GBP8.5bn of construction activity over these two years, undermining the ability for construction to lead the UK’s economic recovery, the CPA states. Commenting on these forecasts, Noble Francis, Economics D... |
UK: latest construction new orders remain depressed10 September 2012, Published under Cement NewsThe latest quarterly Office of National Statistics (ONS) figures for UK construction new orders released today show that new orders for construction remained at a depressed level in the second quarter of 2012, despite having risen 1.5% in the first half of 2012 compared to the same period one year earlier. New orders remain 40% lower than the pre-recession peak. Commenting on the new orders data, Noble Francis, Economics Director at the UK’s Construction Products Association (CPA) said: “... |
CPA: cautious welcome for Government’s housing sector boost07 September 2012, Published under Cement NewsThe UK's Construction Products Association (CPA) has cautiously welcomed the Prime Minister and Deputy Prime Ministers’ announcement to boost the housing sector. Commenting on these measures, Noble Francis, Construction Products Association Economics Director said: “Any change in policy that helps the ailing housing sector to recover must be considered positive, especially given that private housing starts in 2Q were 17 per cent lower than one year ago. The announcement stated that gover... |
UK construction shrinks 10 per cent YoY13 August 2012, Published under Cement NewsUK construction output figures for 2Q12, published by the Office of National Statistics (ONS) on Friday, confirm that nearly every sector of construction activity, from private to public and from housing to infrastructure, has shrunk considerably over the last year and that overall, construction activity across Great Britain has contracted by 9.5 per cent in a year. The figures reinforce a number of recent construction indicators but there is growing concern that long term damage is now b... |
Construction contraction causes continuing consternation06 August 2012, Published under Cement NewsThe latest UK Construction Trade Survey published today, shows that during the second quarter of 2012 construction suffered another sharp fall across all parts of the industry including current workloads, new orders and tender prices, adding to the continuing woes and growing uncertainty for the UK economy as a whole. As public sector investment continued to decline, in line with the government’s budget deficit reduction objective, there was no sign of any private sector recovery to off set... |
Sharp construction fall causes deepening UK recession26 July 2012, Published under Cement NewsUK GDP figures from the Office of National Statistics (ONS) show that the UK’s recession deepened further in the second quarter of 2012, led predominantly by further sharp falls in construction activity. The UK economy shrank by 0.7 per cent, marking its third consecutive quarter of contraction and the longest recession the country has faced in 50 years. However, construction fell 5.2 per cent over that same period, indicating that the construction sector was now in a deep depression, d... |
Sharp public sector falls in UK construction point to difficult 201213 July 2012, Published under Cement NewsThe latest figures from the UK's Office of National Statistics released today highlight that output fell 6% in May compared to a year earlier. Commenting on the figures and the bleak outlook for construction activity in 2012, Noble Francis, Economics Director at the Construction Products Association said: "Although the coalition has consistently made pronouncements of boosting UK construction and the economy, there is little sign of this in reality. Public sector housing output in May was ... |
2Q demand waivers for product manufacturers, UK03 July 2012, Published under Cement NewsThe UK's Construction Products Association’s (CPA) latest State of Trade Survey indicates that, following a relatively good first quarter of the year, product manufacturers suffered from a slowdown in sales in 2Q and are extremely concerned about demand going forward. Commenting on the figures, Construction Products Association senior economist, Kelly Forrest said: “With public sector cutting spending and private sector construction adversely affected by events in the euro zone, it is unf... |
UK construction output down, recession risk18 June 2012, Published under Cement NewsThe UK's Office for National Statistics (ONS) has published construction figures for April 2012 showing a fall of 8.5% compared with April 2011. Commenting on the figures, Noble Francis, Economics Director at the Construction Products Association said: ‘With ONS reporting that both manufacturing and construction sectors fell in April, prospects for the UK economy escaping recession in Q2 are dissipating rapidly. It was unfortunately unsurprising to see the sharp fall in construction outpu... |
Latest UK construction new orders a 'worrying sign for housing'11 June 2012, Published under Cement NewsThe latest quarterly figures from the UK's Office of National Statistics (ONS) for construction new orders released Friday show that construction orders in 1Q12 were 3.6 per cent lower than the same quarter one year ago and new orders for housing were 21 per cent lower than a year earlier. However, there were some positive signs in some sectors. Commenting on the new orders data, Noble Francis, Economics Director at the Construction Products Association said: “With government cuts impacti... |