17/07/2013

NI Construction Continues To Fall

The Northern Ireland Construction industry continues to decline, according to the latest Construction Output Statistics report.

The report found that the total volume of construction output in Northern Ireland in the first quarter of 2013 decreased by 1.1% compared to the last quarter in 2012.

This was 12.1% lower than the same quarter in 2012.

The report says the overall level of construction output has remained broadly flat for the last three quarters.

The value of construction output in real prices in the first quarter of this year was estimated to be £465m.

Great Britain also experienced negative growth in the first quarter, with overall construction output decreasing by 2.4% compared to the previous quarter.

Construction output during the first quarter Northern Ireland was less than two-thirds (64%) of the average recorded for 2005. Overall construction output in Great Britain was at 85% of the average output for 2005.

(IT/CD)

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