Business Indicators and Balance of Payments
Telephone: +44 (0)1633 456344
Frequency of release: Quarterly
Geographical coverage: GB
Geographical breakdown: Region
Survey name(s): Construction: Contracts & New Orders
New orders in the construction industry estimates are a short term indicator of construction contracts for new construction work awarded to main contractors by clients in both the public and private sectors within the UK. The estimates are produced and published both seasonally and non-seasonally adjusted at current prices (including inflationary price effects) and at constant prices (with inflationary effects removed).
At 2005 based prices, the estimated Q1 2013 seasonally adjusted total volume of all new construction orders was 10.0% lower than Q4 2012. The Q1 2013 estimates show a 0.2% fall compared with Q1 2012.
The fall between Q4 2012 and Q1 2013 was attributable to the decline in all other new work which fell 13.9% (£1,200 million). This fall was solely due to the large decline in infrastructure which fell 49.8% (£1,600 million) compared to Q4 2012. The components excluding infrastructure all showed positive quarter-on-quarter growth.
New housing showed a very small increase in Q1 2013 of 0.2%. However, this minor increase ensures that new housing is at its highest level since Q1 of 2008. Comparing the year-on-year estimates, new housing shows an increase of 29.5% (£760 million).
The ‘Definitions and explanations’ section in the background notes of this bulletin includes additional information on items contained in this release.
These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.