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<\/a><\/div>\n<\/div>\nThere was brighter news in new orders, which climbed nearly 10% over the quarter \u2014 helped by a rebound in private commercial and industrial projects.<\/p>\n
Even so, the pace of growth remains subdued as investor confidence stays fragile and housing continues to act as a drag.<\/p>\n
McBains managing director Clive Docwra said the figures offered some hope as the industry anticipates a grinding few months ahead.<\/p>\n
He said: \u201cToday\u2019s figures will at least provide some degree of comfort ahead of what many expect to be a difficult winter for the construction industry.<\/p>\n
\u201cHowever, it\u2019s still a mixed bag \u2013 while we welcome new work increasing by 0.7% in September and the private commercial sector witnessing growth over the month, performance over the last quarter as a whole remains sluggish, with new orders falling by 0.2% and private housing by a worrying 1.9%. It\u2019s clear that underlying concerns from investors over the economy are still biting hard.<\/p>\n
\u201cThe immediate road ahead remains challenging, and while many are expecting a lacklustre Budget later this month, the hope is that the Chancellor will make further commitments in terms of infrastructure investment and moves toward a more settled fiscal environment.<\/p>\n
\u201cWith housebuilding in need of a boost, reforms such as abolishing stamp duty would also provide a shot in the arm for the sector.\u201d<\/p>\n
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