Output in the Construction Industry, September and Q3 2014

14 Nov 2014 02:54 PM

Key Points

• This statistical bulletin includes the latest estimates of output in the construction industry for September and Q3 2014. Output is defined as the amount charged by construction companies to customers for the value of work (produced during the reporting period) excluding VAT and payments to sub-contractors.
• In Q3 2014, output in the construction industry was estimated to have grown by 0.8% compared with Q2 2014. Between Q3 2013 and Q3 2014 output was estimated to have increased by 2.9%. This was the sixth consecutive period of annual quarter-on-quarter growth.
• In September 2014, output in the construction industry was estimated to have increased by 1.8% compared with August 2014, following a fall of 3.0% in August and an increase of 2.0% in July.
• On the year, the picture is of continued growth, with output in the construction industry increasing by 3.5% in September 2014 compared with September 2013. This was the 16th consecutive period of year-on-year monthly growth.
• Upward pressure on the quarter and on the month came from new housing which was at its highest monthly level since the series began in 2010. While there was strength in private new housing during this period, public new housing was at its highest monthly level since the series began in 2010, and its quarterly level was the highest since the series began in 1997.
• The Preliminary estimate of GDP on 24 October 2014 included a 0.8% estimate of construction for Q3 2014; this estimate is unchanged.
• The open period for revisions in this release is July 2014 onwards. Revisions in the data are due to the incorporation of late data. More information on revisions can be found in the background notes.

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