New orders for construction in the United Kingdom slumped 6.8 percent year-on-year in the third quarter of 2019, following an upwardly revised 4.8 percent drop in the previous period. Orders for both all other work (-13.6 percent vs -3.6 percent in Q2) and all new work (-6.7 percent vs -4.9 percent) dropped faster. On the other hand, demand for all new housing rebounded (9.4 percent vs -7.4 percent). Construction Orders in the United Kingdom averaged -0.37 percent from 1965 until 2019, 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. source: Office for National Statistics

Construction Orders in the United Kingdom is expected to be -3.60 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 1.60 in 12 months time. In the long-term, the United Kingdom Construction New Orders is projected to trend around 2.00 percent in 2020, according to our econometric models.

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United Kingdom Construction New Orders

Actual Previous Highest Lowest Dates Unit Frequency
-6.80 -4.80 37.40 -43.90 1965 - 2019 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-03-12 09:30 AM Q4 -10.5% -31.4% -12.2%
2019-06-10 08:30 AM Q1 6.6% -10.3% -4.6%
2019-09-09 08:30 AM Q2 -4.7% 6.6% 4.5%
2019-12-10 09:30 AM Q3 -6.8% -4.8% -3.2%
2020-02-11 09:30 AM Q4 -6.8% -3.6%


News Stream
2019-09-09
UK Construction New Orders Tumble in Q2
New orders for construction in the United Kingdom slumped 4.7 percent year-on-year in the second quarter of 2019, following a 6.6 percent growth in the previous period. Demand for all new housing contracted for the fifth consecutive quarter (-7.7 percent vs -23.1 percent in Q1), led by public (-41.4 percent vs -7.7 percent) and private (-4 percent vs -24.1 percent). In addition, orders for all other work dropped (-3.2 percent vs 26.1 percent), due to private industrial (-12.8 percent vs -7.5 percent) and private commercial (-10.5 percent vs 32.6 percent). Demand for infrastructure rose at a softer rate (7 percent vs 39.8 percent).

2019-06-10
UK Construction New Orders Rebound in Q1
New orders for construction in the United Kingdom rose 6.6 percent year-on-year in the first quarter of 2019, following a downwardly revised 10.3 percent slump in the previous period. All other work jumped 26 percent (vs -11.7 percent in Q4), amid gains in private commercial (32.8 percent vs -2.3 percent) and the public segment (24.2 percent vs 6.8 percent) while orders slipped in private industrial (-7.8 percent vs 29.6 percent). Also, orders surged for infrastructure (39.2 percent vs -37.7 percent). In contrast, they fell sharply for all new housing (-24.3 percent vs -6.9 percent). Compared with the previous period, new orders for construction grew 9.6 percent, after a downwardly revised 0.4 percent drop in the fourth quarter of 2018.

2019-03-12
UK Construction Orders Fall 10.5% YoY in Q4
New orders for construction in the United Kingdom declined 10.5 percent year-on-year in the fourth quarter of 2018, following an upwardly revised 31.4 percent slump in the previous period. All other work fell at a softer 12.1 percent (vs -37.1 percent in Q3), aided by gains in private industrial (29.6 percent vs -10.1 percent) and the pubic segment (5.6 percent vs 10.9 percent) while orders continued to decrease in private commercial (-2.5 percent vs -0.3 percent). Also, orders declined less for infrastructure (-37.9 percent vs -69.9 percent) and all new housing (-6.8 percent vs -14.1 percent). Compared with the previous period, new orders for construction decreased 1.9 percent, after a downwardly revised 3.1 percent decline in the third quarter of the year. In 2018, construction orders fell 15.8 percent compared to a 4.1 percent rise in 2017.


United Kingdom Construction New Orders
In the UK, new orders in construction measures the value of new orders of main contractors by type of work and region within Great Britain. Since April 2013, data have been supplied directly from Barbour ABI with a sample size of all local authorities in England, Scotland and Wales, plus 10,000 contractors per year.

United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 37220.00 36630.00 69520.00 17120.00 units [+]
Construction Output 2.00 -0.30 24.00 -19.20 percent [+]
Housing Index 412.10 404.58 412.10 45.16 points [+]
Mortgage Approvals 64.99 64.66 151.80 26.36 Thousand [+]
Mortgage Applications 43715.00 41312.00 92238.00 17589.00 Units [+]
Nationwide Housing Prices 429.46 430.37 434.21 98.95 points [+]
Construction Pmi 44.40 45.30 64.60 27.80 points [+]
Construction Orders -6.80 -4.80 37.40 -43.90 percent [+]
Home Loans 4052.00 4312.00 10274.00 -308.00 GBP Million [+]
Home Ownership Rate 65.10 65.00 73.30 63.40 percent [+]