construction orders Archives

A tale of two indicators – what to make of the latest construction PMI and orders figures

March 2, 2012 Brian Green

When construction indicators point in different directions what are we to make of it? The February Markit/CIPS purchasing managers’ index released today is very bullish, suggesting the best growth for 14 months and the best month for new business for 21 months. Meanwhile, the official ONS construction new orders figures for the final quarter of last year were very downbeat. They showed a gloomier picture, with orders down on the previous quarter by 2.5%, down 15.4% on a year earlier….

Orders figures support view that there is cause for concern in construction

June 3, 2011 Brian Green

The main message in the construction new orders figures released by ONS this morning is that the slope is downward and this is points to further falls in output in the future. And, to put them in context, against peak levels in cash terms orders for new construction work are down about a third. But more worryingly we don’t appear to be seeing the kind of acceleration in the private sector we would need to compensate for the losses faced in public…

Number snacks: 2

January 14, 2010 Brian Green

Contractors won 61% less in commercial sector construction orders in cash terms in the 12 months to November last year than they did in 12 months to the end of 2007. Here is a graph of orders won for all types of new work on a 12-month rolling basis. The graph shows the volume of work at 2005 constant prices and the value in cash terms. Roughly speaking, as the graph shows, construction firms are winning about a third less work now…

Brickonomics

Looking with curiosity at numbers and ideas that define construction and the built environment

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