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.


Lifestyle

As online retailers report record sales in loungewear, classic cuffed sweatpants have become a hot ticket item. Already a go-to look for off-duty celebs, the humble sweatsuit cemented its status when Tom Ford showed 80s-inspired grey marl sportswear pieces in his autumn winter collection earlier this year.Fashion: don't sweat it!

Seeking inspiration for all that extra time at home? Use it to discover the art of cooking and baking with your children.Fun & Food: The family that cooks together...

W E DON’T have a large amount of activities to do right now. So why not get a larger mount? If those opening lines give you a headache, don’t worry — at least you weren’t hit on the head with a mace.GameTech: Bannerlord flies the flag for escapism

Our window on the world opens wide for tonight.Homes from Mayo, Tyrone and Cork tonight on RTÉ series Home of the Year

More From The Irish Examiner