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Revised construction figures ‘show an upturn’

May 16th, 2011

Construction figures for the first quarter of 2011 have been revised up by the Office for National Statistics (ONS).

The government body has announced that it has revised up the dire results which were recorded, with it now stating there was a decline of four per cent, rather than 4.7 per cent as was previously stated.

While the figure is an improvement, it still represents the biggest three-monthly drop in the sector since the start of 2009.

However, many construction firms are still contesting the figures, as they state their own experiences have been far more optimistic and that the ONS results are creating too gloomy a picture.

Simon Rubinsohn, RICS chief economist, said: “Even if official numbers are currently understating the resilience of the sector, the recovery in construction output is likely to be particularly sluggish over the course of this year.”

Recently, Balfour Beatty stated that it has seen a rise in its construction jobs during the early months of the year.

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  1. May 16th, 2011 at 11:40 | #1

    Great post! Good to see that construction figures have shown an upturn! This is great news for everyone involved in the industry! Thanks for sharing

  2. architects hertfordshire
    May 16th, 2011 at 11:41 | #2

    thanks for sharing the information..

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