|Seasonally Adjusted Production in Building and Construction Index|
|(Base: Year 2010=100)|
|Volume Index||Value Index|
|Quarterly % change||0.6%||4.2%|
|Annual % change||16.3%||21.9%|
The volume of output in building and construction increased by 0.6% in the fourth quarter of 2017 when compared with the preceding period.
This reflects increases of 1.4%, 1.0% and 0.9% respectively in the volume of civil engineering, residential building work and non-residential building work. The change in the value of building and construction in the same period was +4.2%. See tables 1(a), 1(c), 2(a), 2(b) and graph.
On an annual basis, the volume of output in building and construction increased by 16.3% in the fourth quarter of 2017 when compared with the fourth quarter of 2016*. Output volumes increased by 26.7%, 19.7%, and 10.1% respectively in residential building, non-residential building work and civil engineering work in the year to end Quarter 4, 2017. There was an increase of 21.9% in the value of production in the same period. See tables 1(a), 1(c), 2(a), 2(b) and graph.
*Given the unprecedented low base this series is starting from, the CSO will continue to monitor the quality and comparability of this new data series.