Welcome to the sixth volume of the Building Information Index
This volume of the Building Information Index provides insight and key analysis of activity in the construction industry for the first nine months of 2016. It also provides an invaluable foresight as to what remainder of 2016 and 2017 will bring. I hope you find it informative.
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In this volume actual activity to the end of September 2016 is compared to the same periods in 2015 and 2014. The analysis takes a close look at the construction industry broken down by region, funding source and sectors; Residential, Commercial & Retail, Medical, Education, Agriculture, Industrial and Social.
The total value of Construction Project Commencements grows by €1.46bn (+37%) for the nine months to end of September 2016.
The value of construction project Commencements for the first nine months of 2016 has grown by +37% when compared to the same period in 2015. This shows continued growth building on the +44% reported in previous half year index. Year on year comparison for the first nine months showed a growth of 140% when compared to the same period in 2014. Six of the seven sectors examined registered growth. The Industrial sector recorded the largest percentage growth with Commencements up +104% (to€636m) on 2015 figures. Residential, the largest and most significant sector continued with strong growt hof +48% year on year and with the value of Commencements at €2.59bn. The Agricultural sector alone reported a decrease of -5% to €36.6m.
Value of Applications rises.
The value of construction project Applications rose by 4% to €13.3bn when compared to the first nine months in 2015. This represents an increase of +39% when compared to the same period in 2014. Four sectors reported gains including a marginal gain of 1% for Residential, the largest sector. Gains of 55%,10% and 5% for Commercial/Retail, Industrial and Agricultural while Medical, Education and Social recorded decreases.
