Know what you want? Try our 'Supplier Directory' 

Construction growth boosts UK economy

According to the latest GDP figures published by the Office for National Statistics (ONS) on 25 October, construction output increased by 2.5% in the third quarter of 2013, following an increase of 1.9% in the previous quarter.
Between the third quarter of 2012 and the third quarter of 2013, construction output increased by 4.9%.

GDP increased by 0.8% in the third quarter of 2013 compared with quarter two 2013.

CPA economics director, Noble Francis, said: 'The GDP figures released today show that construction was a key contributor to UK economic growth in Q3 for a second consecutive quarter. This adds to increasing optimism that the industry is recovering from its worst recession in 35 years.

'The construction sector rose 2.5 per cent in Q3 primarily due to private housebuilding, boosted by Help to Buy, and infrastructure, driven by work on Crossrail, which is Europe's largest construction project.

'Although output in the sector still remains 12.5 per cent lower than it was five years ago, today's GDP figures point towards recovery for the construction sector and the wider economy.'



Follow HVROnlineEditor on Twitter
28 October 2013

Comments

Already Registered?
Login
Not Yet Registered?
Register

Buildings, infrastructure and renewables drive Net Zero initiatives for local authorities  

Research has revealed that many local authorities in England are making significant strides in retrofitting their buildings, adopting renewable energy and electrifying infrastructure as part of their Net Zero journeys....

  26-Feb-2026

The CORE Magnetic Filter Range has expanded

2025 marked a significant milestone with the launch of the exclusive CORE Side Stream Magnetic Filter, which quickly earned recognition for its efficiency and innovative design. Following numerous successful installations, industry interest has ...

  25-Feb-2026

STOKVIS R600

CONDENSING ULTRA LOW NOx PREMIX COMMERCIAL BOILER
  10-Jan-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

HVR Awards 2026