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ORDERS FOR NEW CONSTRUCTION: DECEMBER 1995

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The total volume of new orders in December was the highest for two years. This was due to a small number of large c...
The total volume of new orders in December was the highest for two years. This was due to a small number of large contracts in the private commercial and private industrial sectors. However, for the full year 1995, the total volume of new orders was four per cent lower than in 1994 due to sharp drops in both the public and private housing sectors, and also in the public non-housing sector. These were partially offset by large increases in the private industrial, infrastructure and private commercial sectors.

The total volume of new orders received by contractors for construction work in Great Britain in the fourth quarter of 1995 was 21% higher than in the third quarter of 1995 and 20% higher than in the fourth quarter of 1994. These provisional figures reflect the volume of orders at constant (1990) prices adjusted to exclude normal seasonal variations.

New orders in the private housing sector in the fourth quarter of 1995 were unchanged compared with the previous quarter but 17% lower than in the corresponding period a year ago. Public housing and housing association orders in the latest quarter were nine per cent lower than in the previous quarter and 27% lower than in the same period a year earlier.

Infrastructure orders in the latest quarter were four per cent lower compared with the previous quarter but 50% higher than in the corresponding period a year earlier.

Public non-housing orders (excluding infrastructure) in the latest quarter were 11% higher than in the previous quarter but 14% lower than in the corresponding period a year ago.

Private industrial orders in the latest quarter were 65% higher than in the previous quarter and 94% higher compared with the same period a year ago. Private commercial orders in the latest quarter were 50% higher compared with the previous quarter and 51% higher than in the corresponding period a year ago.

In current prices the total value of new orders in December was £2,010m.

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