黑洞社区

Construction orders have fallen by 拢17bn since the start of the recession, according to figures released today.

The Office of National Statistics report said that orders fell by a third between 2007 (拢50.6bn) and 2009 (拢33.6bn).

The largest falls took place in the commercial and private housing sectors, where the value of orders fell by 60% to 拢5.4bn and 拢6.9bn respectively.

Public sector investment saw infrastructure orders rise 50% to 拢8.4bn over the same period.

Construction economist said that without the support of the public sector the drop would have been far more severe.

He said: 鈥淥ver that period the public sector has sought to swell orders, either directly or through PFI-style funding.鈥�

Private housing orders for the last three months of December 2009 suggest housebuilders may be over the worse of the recession, with orders rising by 24% to 拢1.5bn.

Total construction orders in the fourth quarter were 拢7.842bn, a 4.4% increase on the same period in 2008.

This total is still 25% lower than the 拢10.515bn value of orders in the last three months of 2007.