The Northern Ireland Statistics and Research Agency (NISRA) today published the latest edition of the Northern Ireland Construction Bulletin.
The Construction Output Statistics published in the Northern Ireland Construction Bulletin provide a general measure of change in real terms in the output of the Construction Industry in Northern Ireland.
The results are primarily used by National Accounts in the calculation of the output measure of UK Gross Domestic Product.xa0The results are also used by Northern Ireland Government Departments, Economists, Construction Industry Analysts and Academics to understand the state of the construction sector in Northern Ireland and the wider Northern Ireland economy.
Key findings:
*xa0 This statistical bulletin provides users with the latest estimates of construction output carried out in Northern Ireland for Q1 2018.xa0 It excludes work carried out by Northern Ireland Construction firms in other parts of the UK or elsewhere.
*xa0 The total volume of construction output in the first quarter of 2018 decreased by 6.5% compared with Q4 2017 and was 6.1% lower compared to the same quarter in 2017 (Figure 1). This latest decrease followed four quarters in which the level of construction output has been broadly consistent.
*xa0 The decrease in the overall output in Q1 2018 from the previous quarter was accounted for by an 11.8% decrease in Repair and Maintenance and a 6.7% decrease in New Work.
*xa0 In Q1 2018, there were decreases in Other Work (9.1%), Infrastructure (7.5%) and Housing (3.1%) compared to the previous quarter.
Readers are advised:
*xa0 Results, particularly those for the most recent quarters, are provisional and subject to revision, as later information becomes available;
*xa0 The figures reported above are based on returns from construction firms and public sector bodies carrying out their own construction activity in Northern Ireland for the period 1 January to 31 March 2018;
*xa0 Results are published as Chained Volume Measure (2015) Prices, Seasonally Adjusted, where appropriate.
*xa0 Deflators adjust the value series to take out the effect of price changes to the volume series.xa0 Deflation of construction output is carried out sectorally (i.e. New Housing, New Infrastructure etc) using a range of relevant tender prices and output price indices supplied by the Office for National Statistics (ONS).xa0 Users are advised that these deflators are UK deflators and are not regional NI deflators.
*xa0 Seasonal adjustment aids interpretation by removing seasonal variation due to climate, hours of daylight, holidays or other regular seasonal patterns.
The planned publication dates of the next four quarterly Constructions Bulletins are as follows:
2018 – Quarterxa02 -xa011 October 2018
2018 – Quarterxa03xa0- 17 January 2019
2018 – Quarterxa04 -xa011 April 2019
2019 – Quarterxa01 -xa018 July 2019
For a copy of the Bulletin please access the following link:
https://www.nisra.gov.uk/
