New orders for construction in the United Kingdom decreased 0.4 percent year-on-year in the fourth quarter of 2019, following a downwardly revised 6.7 percent slump in the previous period. Orders fell for all new work (-0.3 percent vs -6.6 percent in Q3) and new housing (-3.8 percent vs 9.3 percent) while rebounded for all other work (1.1 percent vs -13.4 percent). On a quarterly basis, construction orders rose 4.4 percent after being flat in the previous period. United Kingdom Construction New Orders - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
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. This page provides - United Kingdom Construction Orders- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Office for National Statistics
Construction Orders in the United Kingdom is expected to be -2.00 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 1.50 in 12 months time. In the long-term, the United Kingdom Construction New Orders is projected to trend around 2.00 percent in 2021, according to our econometric models.