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05/09/2011
Building Orders 'Lowest In Three Decades'
New construction orders have fallen to their lowest level since 1980, according to the latest data from the Government.
The Office for National Statistics (ONS) said the new orders in the second quarter of 2011 fell by 16.3% in comparison with the first quarter, and by 23.2% compared with the second quarter of last year.
Private industrial was the only sector that showed a positive growth from the first to the second quarter (6.6%)
According to the Construction Products Association chief executive Michael Ankers, the figures were "alarming".
"Whilst the fall in public sector orders of 30% is no surprise given the cut back in public sector spending, it is particularly alarming to see the fall in new orders for private sector construction – down 8% on the first quarter of the year and 10% down on the same quarter last year."
The story is the third blow in days for Chancellor George Osborne after a Markit/Cips survey last Thursday showed UK manufacturing fell in August, along with exports, new orders and employment.
While on Wednesday, a leading market research agency said consumer confidence for an economic recovery was at its lowest point for over a year with expectations unlikely to improve.
(DW/BMcC)
The Office for National Statistics (ONS) said the new orders in the second quarter of 2011 fell by 16.3% in comparison with the first quarter, and by 23.2% compared with the second quarter of last year.
Private industrial was the only sector that showed a positive growth from the first to the second quarter (6.6%)
According to the Construction Products Association chief executive Michael Ankers, the figures were "alarming".
"Whilst the fall in public sector orders of 30% is no surprise given the cut back in public sector spending, it is particularly alarming to see the fall in new orders for private sector construction – down 8% on the first quarter of the year and 10% down on the same quarter last year."
The story is the third blow in days for Chancellor George Osborne after a Markit/Cips survey last Thursday showed UK manufacturing fell in August, along with exports, new orders and employment.
While on Wednesday, a leading market research agency said consumer confidence for an economic recovery was at its lowest point for over a year with expectations unlikely to improve.
(DW/BMcC)
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02 September 2011
Construction Orders Hit 30-Year Low
New construction orders have fallen to their lowest level since 1980, according to the latest data from the Government. The Office for National Statistics (ONS) said the new orders in the second quarter of 2011 fell by 16.3% in comparison with the first quarter, and by 23.2% compared with the second quarter of last year.
Construction Orders Hit 30-Year Low
New construction orders have fallen to their lowest level since 1980, according to the latest data from the Government. The Office for National Statistics (ONS) said the new orders in the second quarter of 2011 fell by 16.3% in comparison with the first quarter, and by 23.2% compared with the second quarter of last year.
03 June 2013
UK Manufacturing Continues To Grow
The UK's manufacturing sector continues to grow, with May's records indicating the fastest growth in over a year. The latest Markit/CIPS report shows growth of production and new orders both accelerating. At 51.3 in May, up from a revised 50.
UK Manufacturing Continues To Grow
The UK's manufacturing sector continues to grow, with May's records indicating the fastest growth in over a year. The latest Markit/CIPS report shows growth of production and new orders both accelerating. At 51.3 in May, up from a revised 50.
26 January 2010
UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
26 April 2005
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
17 April 2003
Regional imports suffer £1bn slump
Government figures released today have revealed that the value of regional imports has slumped by around £1 billion over the past quarter. According the Customs and Excise report, estimates for the fourth quarter 2002 saw regional imports dip £1 billion, or 2%, on the third quarter's figures to £51.4 billion.
Regional imports suffer £1bn slump
Government figures released today have revealed that the value of regional imports has slumped by around £1 billion over the past quarter. According the Customs and Excise report, estimates for the fourth quarter 2002 saw regional imports dip £1 billion, or 2%, on the third quarter's figures to £51.4 billion.
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