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Infrastructure output hits five-year low

Infrastructure output has fallen to its lowest level in almost five years, according to official figures.

The Office for National Statistics said just £992M of infrastructure work was carried out in August 2014 – the lowest since current records began in January 2010.

This was down 6.5% from July 2014, down 13.8% from August 2013, and down 29.3% from the recent peak in December 2011.

It came as the value of all construction work fell 3.9% from the previous month to £9.77bn.

While the figures are grim for the industry, the future promises to be brighter.

The Construction Products Association this summer forecast that the infrastructure new build market would grow by more than 50% over the next five years.

And analysis of the government’s official future construction workload this summer showed more than half of it was made up of transport projects.

 

 

 

 

 

 

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