Materials sales slump confirms double dip

Grant Prior 6 years ago

A sharp slowdown in the sale of construction materials during the first quarter of the year has added weight to GDP figures showing a 3% fall in industry output.

Latest figures from the Mineral Products Association show a substantial reduction in sales of aggregates, ready mixed concrete and asphalt.

Crushed rock and sand and gravel aggregates fell by 13% and 12% respectively in the first three months of 2012 compared to the same period last year.

Ready-mixed concrete and asphalt fell by 9% and 17%.

Jerry McLaughlin, Chief Economist MPA, said: “These figures represent real deliveries of materials to construction projects, not opinion survey data, and they indicate that there is a real likelihood that construction activity will fall away and constrain economic recovery as we move through 2012 and 2013.

“There has been some criticism of the ONS data released on Wednesday which showed a 3% first quarter decline in construction compared with the fourth quarter and lower activity than the first quarter of 2011.

“These official figures are provisional, but they reflect just what our industry is experiencing on the ground.

“Outside the strong construction markets of Greater London and parts of South East England, lack of demand is becoming critical as public investment in construction falls away and there is little private sector construction growth to fill the gap.”

Latest news

Vinci UK profits soar despite £18m civils loss

Profit boost from land disposal offsets further losses at Taylor Woodrow
9 hours ago

£36m Cardiff student block set for planning OK

Crosslane gets go-ahead for 384-bed scheme
3 hours ago

Stalled Angelgate site put up for sale

Land earmarked for blighted Manchester resi scheme to go under auctioneer's hammer
4 hours ago

FRC launches probe into Carillion finance directors

Investigation into Richard Adam and Zafar Khan over preparation of financial accounts back to 2014
10 hours ago

Kier set for £48m Pirbright animal virus research lab

Work due to start before end of 2018 on the high containment large animal facility
9 hours ago

Wates sees order book swell to record £5.1bn

Contractor confident about future prospects as it offers new roles to former Carillion staff
10 hours ago

Engie to start stripping cladding on East London tower blocks

Canning Town and Plaistow Tower housing blocks get reclad go-ahead
9 hours ago

Passer-by raises safety alarm over solar panel contractor

Director and contractor fined after ignoring safety warnings
9 hours ago

RSK buys ground investigation specialist

Central Alliance is latest deal in acquisition spree by consultant
3 days ago

Plans in for Cheesegrater’s big brother in London

Tapering skyscraper at 100 Leadenhall will tower over the Cheesegrater
3 days ago

Vast £1.6bn South London estate rebuild approved

Clapham Park to be built out with 2,500 homes in mid-rise blocks
4 days ago

BESA appoints David Frise as new chief executive

Former submariner takes the helm at the Building Engineering Services Association
3 days ago

ISG clinches £17.5m Bradford leisure centre

Sedbergh sports and leisure facility will contain a 25m pool, gym
3 days ago

Boost your online presence with the new Enquirer Directory

New site for suppliers and buyers will showcase their products, services and latest stories
3 weeks ago

Berkeley unable to boost construction of new homes

Housing giant blames market conditions as it predicts £3.3bn profit in five years to 2021
3 days ago

Balfour Beatty tipped for £200m London student/office scheme

Landmark Vine Street project could become Balfour's second major contract with Urbanest
3 days ago

VolkerWessels UK margins edge up to 3.2%

Profits and order book grow by 7% on back of rising infrastructure spend
3 days ago

Weston Homes submits 1.2m sq ft Norwich scheme

Anglia Square scheme will provide over 1,000 homes, 40 shops and a 200-bed hotel
3 days ago

Network Rail seeks two geotechnical firms for £190m north deal

Scottish and North East earthworks delivery places up for grabs
3 days ago

Search to start for £400m Southend regen partner

Council searching for development partner to build 1,300 homes
4 days ago

Kier lifted by McNicholas deal in first half

Kier says claims and final account still to be settled on challenging Mersey Gateway project
4 days ago

Betting Spy: Man City can win Champions League

City look a good bet at 3/1 to go all the way
4 days ago

Buckingham to build giant fridge at Dover port

Contractor wins race for £15m Refrigerated Cargo Terminal
4 days ago

Hydrock places remediation arm into administration

Up to 95 jobs at risk as Bristol-based QDS Contracting collapses
5 days ago

Balfour supplier hit by Hinkley contract delays

Engineering specialist Redhall hampered by delays to nuclear deal
4 days ago

£120m Glasgow police HQ to flats scheme approved

Moda Living is planning over 400 private rented flats
5 days ago

Worker loses finger at builders merchant

Welsh firm fined after glove gets caught in table saw
4 days ago

Hill secures £200m finance to deliver 5-year plan

House builder on recruitment drive as it plans to raise revenue to £1bn by 2023
5 days ago

Alumasc sounds profit warning over project delays

Shares slump 20% as commercial new build demand dips
5 days ago

Balfour Beatty UK construction arm returns to profit

Contractor continues turnaround despite Aberdeen bypass problems
5 days ago

Contractor services