Official government statistics released today have shown a 13% drop in infrastructure output for the three months to February compared to the previous quarter.
Construction also dropped 8.9% in the same period, according to the Office of National Statistics.
“The ongoing weakness in infrastructure output is concerning, especially given Government’s commitment to infrastructure acting as a catalyst for economic recovery and job creation,” said ICE director general Nick Baveystock.
“Government is rightly starting to think more strategically about how it delivers UK infrastructure and how it can be funded. However, with a tough spending review on the immediate horizon, it must act with caution before inflicting further cuts on a sector that is such an important facilitator of growth, both short and long term.”