The latest Glenigan data shows that the UK construction industry has seen a 6% year on year increase in the underlying value of projects starting on site.
Growth in utilities, industrial, office, private and social housing project starts all contributed to the first growth seen by the industry in a year.
The latest figures from Glenigan come after official Government orders figures slumped in the second quarter of the year.
Glenigan’s year on year comparisons are flattered because of a sharp fall off in projects last August.
James Abraham, Economist at Glenigan, said:”A poor August 2010 signalled the end of the 2010′s construction recovery. The construction industry has seen a decline in year on year project starts since that time due to public sector cuts and weak private sector investment.”
He added: “While the return to growth is a positive sign, it is modest growth from a low base.”
Regionally the South East and South West saw the most significant growth, with the East Midlands, West Midlands, Yorkshire and Wales all seeing annual growth of over 10%.
Scotland went against the trend with project starts falling by almost 33%.
Recipro sourced this article from Construction Enquirer & Buildingtalk.com