Is this the BREXIT influence, despite what we are being told about it having little effect on our economy?
Despite the incentives and encouragement to address the housing shortage issues it appears we are again falling behind on delivering this much needed resource!
We appear to be again relying on public sector capital and projects to keep the construction industry afloat.
Construction output in August slipped 1.5% - 0.2% up on a year ago. Output during the three months June to August was 1.3% down on the preceding three months and 0.5% lower than a year ago. Private new housing output slipped 2.0% during the three months to August against the preceding three months but was 6.7% up on a year ago. New social housing output was 1.2% down on the previous three months and 7.7% lower than a year ago. Industrial sector output has declined by 12.0% against June to August 2015. Infrastructure is 8.4% down on a year ago. Commercial sector output has steadied, 0.4% down on the preceding three month and 1.8% ahead of a year ago. Public non-residential new work grew by 0.7% during the three months to August and was 0.3% up on a year ago.
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