Michael Dall, lead economist at construction intelligence specialist, Barbour ABI, in response to the ONS Construction Output figures for March 2014, has said:
“The figures released today show that construction output decreased by 2.8 per cent in February compared to the month before – its biggest fall since November. This is despite a more positive long-term trend emerging over the last year, with output up 2.8 per cent on February 2013.
“While not conclusive, it’s possible that the extreme weather experienced recently has had a negative impact on the industry, with contractors forced to put work on hold and new projects unable to commence.
“Looking ahead, we are expecting construction orders to pick up again in March aided by the necessary repair works and flood defence projects, as well as continued strong performance of private housing and upturn in other infrastructure.”