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16th March 2010 9th March 2010 2nd March 2010 23rd February 2010 16th February 2010 9th February 2010 2nd February 2010 26th January 2010 19th January 2010 12th January 2010 5th January 2010 15th December 2009
March 2010: Construction starts hit by drop in projects
The Glenigan Index for February was 15% down on a year ago, despite a strengthening in residential projects starting on site. Despite being hampered by poor weather earlier in the winter, the Residential Index posted a robust 13% increase on a year ago, supported by rises in both private and social housing starts.
In contrast the Non-residential Index for February was 24% down on a year ago due to the continued weakness of the private industrial and commercial sectors combined with a slowing in Government funded projects. In particular, a recent easing in health and community & amenity projects and a sharp dip in the previously strong flow of education projects exacerbated the fall in the February Index.
The Civil Engineering Index was also sharply down on a year ago. However, whilst fewer road and rail projects have started on site in recent months, the fall in the year-on-year comparison is in large part due to a surge of project starts a year ago which amplifies the comparative decline.
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