Construction orders in the UK rose by 8.5 percent from a year earlier in the third quarter of 2022, following an upwardly revised 13.3 percent drop in the previous three-month period. Orders rebounded for all new work (8.6 percent vs -13.3 percent in Q2) and all other new work (19.8 percent vs -14.1 percent), boosted by other new work infrastructure (50.1 percent vs 5.3 percent). Meanwhile, orders for all new housing declined further (-14.1 percent vs -11.4 percent). On a quarterly basis, construction orders rebounded by 6.4 percent, following a revised 3.5 percent fall in the previous quarter. source: Office for National Statistics
Construction Orders in the United Kingdom averaged 0.14 percent from 1965 until 2022, reaching an all time high of 127.80 percent in the second quarter of 2021 and a record low of -44.50 percent in the second quarter of 2020. 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 November of 2022.
Construction Orders in the United Kingdom is expected to be -10.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Construction New Orders is projected to trend around 3.60 percent in 2023 and 2.40 percent in 2024, according to our econometric models.