Monthly construction output decreased by 0.4% in volume terms in April 2022, marking the first monthly decline seen since October 2021, amid fears about a slowdown in the wider economy. Figures out today from the Office for National Statistics (ONS) revealed that the decrease came from a fall i
Naismiths
The recovery in UK construction output gained further momentum during June, according to the latest PMI data which saw overall activity expand at the fastest pace since June 1997.
Output in the UK construction sector has recorded the highest monthly growth in all work since September 2020, according to the Office for National Statistics (ONS).
The UK construction sector continued its tentative post-lockdown recovery with an 8.2% rise in output during May 2020 after the record decline of 40.2% in April.
The phased return of work on construction sites across the UK resulted in a sharp turnaround in the performance of the sector last month with the fastest rise in activity for nearly two years.
Output in the UK construction sector fell by 40.1% in April compared to the month before, according to Office for National Statistics (ONS) data.
News of a “breathtaking” acceleration in construction sector output has been tempered by concerns over the impact of poor weather, post-Brexit uncertainty and risks associated with the COVID-19 virus.
Output in the UK construction sector grew by 2.5% in 2019, compared to 0% growth in 2018, according to the Office for National Statistics (ONS).
UK construction firms have reported a boost from receding political uncertainty with business optimism rebounded to its highest since April 2018.
The Federation of Master Builders (FMB) has urged the Chancellor to use the upcoming Budget to slash the rate of VAT on repair and maintenance work and to invest in the construction sector in order to maintain the industry’s recovery.
The UK’s construction sector suffered another sharp reduction in construction output last month as political uncertainty and subdued client demand led to a downturn across all three broad categories of activity.
Construction output recorded its largest monthly fall since January 2018 as it decreased by 2.3% in October 2019.
Output in the UK construction sector increased by 0.6% during the third quarter of the year following months of flat or falling figures, the latest Office for National Statistics report has shown.
Construction output increased by 0.2% in August compared to the previous month as a rise of 1.1% in repair and maintenance was only slightly offset by a fall in new work of 0.2%.
Output in the construction sector marginally increased in July compared to the previous month but not enough to arrest the long-term decline, new Office for National Statistics (ONS) figures have revealed.