Construction orders in the UK slumped 12.9 percent from a year earlier in the fourth quarter of 2020, following an upwardly revised 0.9 percent increase in the previous three-month period. Orders declined for all other work (-18.4 percent vs 9.8 percent in Q3) and infrastructure (-10.7 percent vs 8.2 percent) while those for new housing rebounded (0.6 percent vs -15.9 percent). On a quarterly basis, construction orders fell 8.8 percent, following a revised record 71.8 percent increase in the previous period. In 2020, construction orders plummeted 12.8 percent over a year earlier. source: Office for National Statistics
Construction Orders in the United Kingdom averaged -0.59 percent from 1965 until 2020, reaching an all time high of 37.40 percent in the third quarter of 1987 and a record low of -43.90 percent in the first quarter of 1974. This page provides - United Kingdom Construction Orders- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Construction New Orders - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Construction Orders in the United Kingdom is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Orders in the United Kingdom to stand at 5.00 in 12 months time. In the long-term, the United Kingdom Construction New Orders is projected to trend around 3.70 percent in 2022 and 2.40 percent in 2023, according to our econometric models.