Takuechi Finance Takuechi Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sun April 22 2018

Related Information
Related Information
Related Information
Related Information

News » UK » Civils contractors see orders plateau » published 12 Feb 2016

Civils contractors see orders plateau

Falling workloads in the infrastructure sector are a threat to the UK economy, according to civil engineering contractors.

CECA chief executive Alasdair Reisner Above: CECA chief executive Alasdair Reisner

The Civil Engineering Contractors Association (CECA) workload trends survey for the fourth quarter of 2015 found that the number of members seeing workloads grow is in decline. The net balance of firms seeing workloads increase was just 5%, compared to a balance of 52% for the same quarter in 2014. This was lowest CECA has seen since spring 2013.

In Q4 2014 a net balance of 42% of CECA members grew their order books. In Q4 2015 it was just 21%.

CECA raised the alarm on the same day that the Office for National Statistics published output in the construction industry statistics for 2015 Q4, showing a 0.4% fall in the last three months of last year – and what CECA described as “a shock” 3.9% fall in new infrastructure work.

CECA chief executive Alasdair Reisner said: “What we are seeing is an alarming plateau in infrastructure orders, when we should be seeing strong growth, according to the government’s forecasts.

“Infrastructure investment is a strong driver of growth in the wider economy. The recent sluggish performance of UK plc is indicative of an infrastructure sector that is yet to reach its full potential.

“We call on the government takes steps to shore up the UK economy by ensuring that its planned capital investment in the sector goes ahead without delay.”




Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 12 Feb 2016 (last updated on 16 Feb 2016).

More News Channels