Building output rises by 3.6% in Q4

Construction activity continued to pick up in the final quarter of last year with residential building projects leading the way, latest CSO estimates show.

Output volume in building and construction increased by 3.6% in the fourth quarter of 2014 compared to the previous three months.

Residential building work drove much of the increase, with an 8.6% rise, while non-residential builds and civil engineering work declined towards the end of the year.

Decreases of 3.0% and 0.6% respectively were recorded in the volume of civil engineering

and non-residential building work, although the CSO will continue to monitor

the quality of the latter given the short history of the data.

While the volume of output produced by firms and service providers in the sector

rose by more than 3.5%, the value of production climbed just 0.1%.

The economic pick-up has generally continued to drive recovery in the construction sector in recent months, with confidence increasing since the middle of last year, although recent figures suggest a slowdown at the beginning of 2015.

The monthly Ulster Bank construction index, released at the start of the week, pointed to a significant slowdown in February.

On an annual basis, the volume of output increased by 11.2% in the fourth quarter.

There was an increase of 6.6% in the value of production in the same period.

The annual rise in the volume of output reflects a year-on-year increase of 35.8% in residential building work.

Output in civil engineering (-2.9%) and non-residential building work (-5.5%) fell in the year to Q4 2014.


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