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Tue October 27 2020

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New construction orders plunge 14% in second quarter

6 Sep 10 New construction orders have dropped by 14% during the second quarter of 2010, compared to the first quarter.

New construction orders have dropped by 14% during the second quarter of 2010, compared to the first quarter, according to official Government statistics.

The figures are down 9% on the same period a year ago.

The statistics are in sharp contrast to the 6.6% increase in construction output during the second quarter, and will fuel fears that a return to recession is looming.

Housing took the biggest hit, with private orders down 24% and public by 23% on the previous quarter.

Infrastructure orders fell by 22%, while private commercial dropped 7%.

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