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. Construction Orders in the United Kingdom averaged -0.43 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.
Construction Orders in the United Kingdom is expected to be -7.70 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 -0.60 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.