Construction orders in the UK increased by 0.6 percent from a year earlier in the third quarter of 2020, following a record slump of 46.2 percent in the previous three-month period. Orders rebounded for infrastructure (7.6 percent vs -50 percent) and all other work (8.7 percent vs -44.4 percent) while new housing fell much less (-14.8 percent vs -50.1 percent). On a quarterly basis, construction orders jumped by a record 89.2 percent, after an upwardly revised 54 percent decline in the previous period. source: Office for National Statistics
Construction Orders in the United Kingdom averaged -0.55 percent from 1965 until 2020, reaching an all time high of 37.40 percent in the third quarter of 1987 and a record low of -46.20 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 January of 2021.
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 4.50 in 12 months time. In the long-term, the United Kingdom Construction New Orders is projected to trend around 5.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.