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News Archive - September 2009
Construction Decline Eases
WHILE PRIVATE sector starts remain under pressure, a strong performance in the public and utilities sectors has helped steady the flow of construction work, according to the latest Glenigan Index.
The Index, which tracks the underlying value of construction projects starting on site, recorded a 16% year on year decline in July, which represents a further improvement against the sharp declines of up to 33% seen earlier in the year.
Educational, social housing and utilities projects all saw positive signs leading up to July. It is anticipated that project starts across the industry will stabilise further over the remaining months of 2009, albeit at low levels.
Overall the fall in private sector schemes continues to depress construction starts nationwide: the Northeast, West Midlands and Southeast regions suffered sharp falls in construction work. Only Scotland, Northern Ireland and Yorkshire & the Humber enjoyed a rise in project starts in the three months to July, thanks to increases in public sector and civil engineering schemes.
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