ONS figures reveal largest drop took place in commercial and private housing sectors
Construction orders have fallen by 拢17bn since the start of the recession, according to figures released today.
The Office of National Statistics report said that orders fell by a third between 2007 (拢50.6bn) and 2009 (拢33.6bn).
The largest falls took place in the commercial and private housing sectors, where the value of orders fell by 60% to 拢5.4bn and 拢6.9bn respectively.
Public sector investment saw infrastructure orders rise 50% to 拢8.4bn over the same period.
Construction economist said that without the support of the public sector the drop would have been far more severe.
He said: 鈥淥ver that period the public sector has sought to swell orders, either directly or through PFI-style funding.鈥
Private housing orders for the last three months of December 2009 suggest housebuilders may be over the worse of the recession, with orders rising by 24% to 拢1.5bn.
Total construction orders in the fourth quarter were 拢7.842bn, a 4.4% increase on the same period in 2008.
This total is still 25% lower than the 拢10.515bn value of orders in the last three months of 2007.
Postscript
Office for National Statistics. New orders for construction industry industry December 2009
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