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PRO INSTALLER JANUARY 2014
PRO BUSINESS
@proinstaller1
Commercial construction sectors
lead strong finish to 2013
Strong growth in the retail, office and industrial
sectors have helped to drive construction activity
during the three months to December 2013, according
to new figures by industry analysts Glenigan.
The Glenigan Index, which
covers the value of projects
starting on site from October to December 2013, is
up 15% compared with the
same period in 2012 as commercial construction activity
continues to accelerate.
The value of non-residential
project starts has risen by 21%,
with gains in commercially
funded and education projects.
This marks a second consecutive quarter of growth in nonresidential construction starts, for
the first time since the first half
of 2010.
Retail starts during the three
months to December were
double the level during the final
quarter of 2012, demonstrating
the impact of improving consumer confidence during 2013.
Education project starts have
also seen strong growth during
2013 and during the latest three
months were 35% higher than
the final quarter of 2012, with
starts for the year as a whole up
by 19%. However this followed
a severe slump during 2012 and
starts are still 14% below their
value in 2011.
The monthly Glenigan Index is
based on extensive research of
every construction project starting in the UK over the previous
three-month period and provides
an indicator of developing activity in the in