14:37 02 Sep 2005
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New build output grew to £14.8bn in the second quarter, representing a 3% increase compared with both the previous quarter and the same quarter a year ago, according to the Department of Trade & Industry.
Compared with Q1, all sectors bar one posted growth. The black sheep was other public, down 1%. Private housing and private industrial posted the most growth of 6% and 5% respectively. Disturbingly, public housing grew just 1%.
Compared with Q2 2004, only half the sectors enjoyed growth: private housing up 12%; private industrial up 8%; and private commercial up 2%. Public housing slipped 2%; infrastructure dropped 6%; and other public declined 3%.
Repair, maintenance and improvement (RMI) output in Q2 slipped 1% compared to Q1, but was 10% greater than the year-ago figure.
Compared with Q1, private housing RMI increased 2%, while other private RMi increased so little as to be no change. Public housing RMI fell 5%, while other public RMI slipped 2%. Compared with Q2 2004, all four sectors enjoyed growth, particularly public housing RMI (up 10%) and other public RMI (up 17%).
New build output Q2 2005 (Q1 2005/Q2 2004 in brackets)
RMI output Q2 2005 (Q1 2005/Q2 2004 in brackets)