Construction orders in the UK rose by 13.4 percent from a year earlier in the first quarter of 2022, following a marginally revised 35.4 percent jump in the previous three-month period. Orders for Infrastructure grew faster (34.5 percent vs 19.1 percent in Q4) while it slowed for all other work (22.6 percent vs 46.1 percent). In contrast, new orders declined for housing (1-14.8 percent vs 15.5 percent). On a quarterly basis, construction orders dropped 2.6 percent in Q1, following a revised 9.4 percent rise previously. source: Office for National Statistics
Construction Orders in the United Kingdom averaged 0.13 percent from 1965 until 2021, reaching an all time high of 132.60 percent in the second quarter of 2021 and a record low of -46.30 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 2022.
Construction Orders in the United Kingdom is expected to be -88.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Construction New Orders is projected to trend around 3.60 percent in 2023 and 2.40 percent in 2024, according to our econometric models.