Heating and Ventilating

 

Glenigan reports 10% fall in construction starts

Construction project starts are down 10 per cent, but civil engineering project starts for the three months to November are up by 61 per cent, according to the latest Glenigan Index.
A 24 per cent fall in residential construction project starts was a key factor towards to the overall drop said James Abraham, economist, Glenigan. He said: 'Private housing starts fell 13 per cent but are forecast to stabilise over the coming months. However, social housing declined 38 per cent year on year and further retrenchment is forecast here as the cut backs in Government funding bite.'

Non-Residential project starts were also 13 per cent down on a year ago as both privately and publicly funded projects were thin on the ground. 'Education construction remains weak and the value of health and community and amenity projects declined for the first time in the second half of 2011. The only non-residential sector to avoid a decline was retail, buoyed by a number of large extension and refurbishment projects' said Mr Abraham.

Civil engineering project starts for the three months to November were however up by 61 per cent. Mr Abraham added: 'The flow of civil engineering projects can be volatile. Utilities saw a sharp increase with project starts including the decommissioning of a nuclear power plant and new wind turbine projects, while the infrastructure sector saw investments in road and rail station projects in London, the West Midlands and Scotland.'

The Glenigan report also found that Wales, the South East and South West of England have all been enjoying an increased flow of new work while Scotland saw year on year growth of 10 per cent. By contrast, over the three months to November the underlying value of project starts in Northern Ireland, the East and North West of England fell by more than 20 per cent and Yorkshire continues to endure a poor flow of projects reaching start on site.

Follow HVROnlineEditor on Twitter
16 December 2011

Comments

Already Registered?
Login
Not Yet Registered?
Register

Carrier invests in UK and rolls out new customer support programme

Carrier has reaffirmed its commitment to investing in the UK as a key European geography for its advanced air conditioning and heat pump solutions....

  08-Dec-2021

The right sensors for better IAQ

In the world we are now living in it is extremely important to achieve Good Indoor Air Quality (IAQ) and all ventilation systems rely on the sensors to provide this information, so that an informed decision can be made on the buildings operation…...

  09-Dec-2021

If you need to open a Solenoid Valve manually, you need a SVOM!

If you need to open a Solenoid Valve manually, you need a SVOM!
  22-Oct-2021
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

https://www.heatingandventilating.net/glenigan-reports-10-fall-in-construction-starts