Sector Specific Share Prices 22/03/13

Latest construction share prices for your viewing pleasure.

House builders have done well this week on the back Wednesdays budget. Heavy construction a mixed bag.

Have a great weekend.

CE Prices 220313

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Volume of Construction Output – May 2012

In constant (2005) prices, non-seasonally adjusted, the recent ONS release shows the total volume of construction output fell 6.30% from £8,876m to £8,317m in May 2012 compared with the May 2011.

 The decline is driven by a decrease in new public work specifically:

  •  the volume of new public housing work decreased by 22.9%
  • the volume of new public non-housing (excluding infrastructure) decreased by 21.5%
  • the volume of new infrastructure decreased by 21.3%
Analysis in Brief

Analysis in Brief

Volume of construction output was sighted as a key contributor to the UK’s re-entry into double-dip recession and given the output in May this trend looks set to continue although we must keep in mind that figures are not seasonally adjusted so the impression made by the Queens Jubilee is not taken into account. 

There may however, be some much needed light at the end of the tunnel ; after months of pronouncements of intent to boost construction starts and thus the UK economy, the government has this week announced they will use their strong credit position to guarantee £40 billion of eligible projects from the National Infrastructure Plan before 2015. The announcement seems to have been welcomed by industry leaders although the right funding model will be crucial……we await the birth of the ‘son of PFI’!