Construction orders in the UK slipped 13.3 percent from a year earlier in the first quarter of 2021, following an upwardly revised 13 percent decline in the previous three-month period. Orders fell for all other work (-19.5 percent vs -19.1 percent in Q4) and infrastructure (-54.7 percent vs -13.8 percent) while those for new housing picked up (3 percent vs 1.2 percent). On a quarterly basis, construction orders surged 12.2 percent, following a downwardly revised 7.8 percent decline in the previous quarter. source: Office for National Statistics
Construction Orders in the United Kingdom averaged -0.66 percent from 1965 until 2021, reaching an all time high of 37.40 percent in the third quarter of 1987 and a record low of -45.90 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 May of 2021.
Construction Orders in the United Kingdom is expected to be 37.00 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 4.40 in 12 months time. In the long-term, the United Kingdom Construction New Orders is projected to trend around 3.70 percent in 2022 and 2.40 percent in 2023, according to our econometric models.