New orders for construction in the United Kingdom slumped 4.7 percent year-on-year in the second quarter of 2019, following a 6.6 percent growth in the previous period. Demand for all new housing contracted for the fifth consecutive quarter (-7.7 percent vs -23.1 percent in Q1), led by public (-41.4 percent vs -7.7 percent) and private (-4 percent vs -24.1 percent). In addition, orders for all other work dropped (-3.2 percent vs 26.1 percent), due to private industrial (-12.8 percent vs -7.5 percent) and private commercial (-10.5 percent vs 32.6 percent). Demand for infrastructure rose at a softer rate (7 percent vs 39.8 percent). Construction Orders in the United Kingdom averaged -0.34 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.
Construction Orders in the United Kingdom is expected to be -3.20 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 1.00 in 12 months time. In the long-term, the United Kingdom Construction New Orders is projected to trend around 2.00 percent in 2020, according to our econometric models.