Construction orders in the UK decreased by 14.3 percent from a year earlier in Q1 of 2023, from 4.3 percent slump in the previous three-month period. Orders dropped for all other work (-12.9% vs -5.2%), amid sluggish demand for other new work infrastructure (-15.3% vs 2.3%). Meanwhile, orders for all new housing continued to decline (-18% vs -2.2%). On a quarterly basis, construction orders went down by 12.4 percent, from 1.8 percent fall previously. source: Office for National Statistics
Construction Orders in the United Kingdom averaged 0.07 percent from 1965 until 2023, reaching an all time high of 127.00 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 June of 2023.
Construction Orders in the United Kingdom is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.