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9th February 2010 2nd February 2010 26th January 2010 19th January 2010 12th January 2010 5th January 2010 15th December 2009 8th December 2009 1st December 2009 24th November 2009 17th November 2009 10th November 2009
January 2010: Weak finish to a tough year
Poor weather in the run-up to Christmas added to the construction industry’s problems at the end of a difficult year. The Glenigan Index for December recorded a 9% year-on-year drop in underlying projects as a number of scheduled starts were postponed to the New Year.
The autumn pick-up in new private housing projects reflects housebuilders’ expectations of improved market conditions during 2010. Whilst we recorded a temporary easing in project starts during November and December and slower growth in social housing starts, the Residential Index for December was still 6% up on a year ago.
The Non-residential Index for December was 24% down on a year ago. The fall was due to the continued weakness of the private industrial and commercial sectors combined with a slowing in government funded projects.
The Civil Engineering Index during December was 22% up on a year ago. The value of underlying project starts was lifted by a sharp rise in infrastructure work, in particular rail and national roads projects, together with a rise in utilities projects.
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Download previous editions of the Glenigan Index: January 2010 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008