News Construction Remains Robust Despite Year Political And Economic Turmoil Says Decorean Chief

Despite a year of “political, and sometimes, economic turmoil”, the latest output figures show the industry – led by a nine-month high in house building – “remains robust”, says Shraga Stern, director of London-based construction company Decorean.

According to the Office for National Statistics (ONS), the construction sector shrank by 0.2 per cent in November 2016 when compared with October 2016.

However, despite the slight contraction, which was largely attributed to a decrease in repair and maintenance, new work in the 11th month of the year increased with new housing in particular continuing to grow.

New builds in the penultimate month of the year was up 1.2 per cent when compared with the previous month – representing the biggest increase since February 2016.

“The figures show very little difference from a year ago, and after 12 months of political, and sometimes, economic turmoil, this shows that house building is as important as ever,” said Stern.

“Encouragingly, the fact that new work in November increased, with new housing output continuing to grow, bodes well for 2017, and is something we, at Decorean, are continuing to see day to day.”

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