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Infrastructure Hits an Output High

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Infrastructure output was the highest in 2011 for more than 30years according from figures from the Office of National Statistics.

The 2011 total hit £13.66billion, 13per cent higher than in 2010 and the highest since infrastructure data was first recorded by the ONS, 31 years ago.

The figures released last week revealed the volume of infrastructure output was the highest since 1980 for both Q4 2011 and the year as a whole. Although total work fell, total output was still 2.8 per cent up on 2010 at £107.45bn.

EC Harris head of strategic research Simon Rawlinson said 2011 was a good year, but predicted continued falling output for 2012.

These latest figures were the first to really show the effects of public sector spending cuts, after output held up better than expected for most of 2011.

Construction Products Association economics director, Noble Francis said he was confident that the infrastructure would be sustainable throughout 2012.

“I think there is more than enough in rail and energy to drive it forward. Some of it might be offset by road spending falling away. But a lot of the major infrastructure work will not start until 2013,” said Dr Francis.

Posted: 16 February 2012 15:32:00 by Jyoti Kareer | 0 comment(s)
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