LONDON, September 12, 2014 /PRNewswire/ --
Comment to be attributed to Michael Dall, lead economist at construction intelligence specialist, Barbour ABI in response to the output in the construction industry: July 2014 and new orders April to June 2014
"It's encouraging that new orders are continuing on a positive trajectory, but with the rate of growth slowing from recent quarters, today's announcement still isn't the silver bullet we need to dispel all concerns about the performance of the construction sector.
"What is particularly interesting in today's figures is the growing strength of new orders in the private commercial sector and especially for office contracts where we've seen an increase by 29% in Q2 versus Q1 this year.
"Early indications from our monthly Economic and Construction Market Review, however, point to a summer slowdown on the commercial side. We would need to see consistent growth in this area before we can confidently say it is having a real impact on the industry."
About Barbour ABI:
Barbour ABI is a leading provider of construction intelligence services. With a team of in-house research specialists and a dedicated lead economist, it provides commercially relevant insight and unique analysis of trends and developments within the building and construction industry.
Barbour ABI is the chosen provider of industry data and indicators for Government bodies including the Office for National Statistics and the UK Government's Construction and Infrastructure Pipeline, which outlines future construction and infrastructure projects where public funding is agreed. Barbour ABI also provides data for independent organisations, such as the Construction Products Association.
Barbour ABI is part of global events-led marketing services and communications company UBM, and is headquartered in Cheshire Oaks, Cheshire.
UBM helps businesses do business, bringing the world's buyers and sellers together at events and online, as well as producing and distributing news and specialist content. Its 5,500 staff in more than 30 countries are organised into expert teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.
SOURCE Barbour ABI