United Kingdom Construction Output

Last Release

Feb 29, 2024

Actual

-2

Units In

0.7

Frequency

Monthly

Next Release

May 10, 2024

Time to Release

25 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
80.1 Apr 2021	-45.6 Apr 2020	2.07 %	1997-2024	Office for National Statistics

In the United Kingdom, construction output measures the yearly change in the amount charged by construction companies to customers for value of work. The value is based on the sample of 8,000 businesses, employing over 100 people or with an annual turnover of more than £60 million. Construction estimates are a component of GDP from the production approach, contributing approximately 6.4% of GDP.

Latest Updates

Construction output in the UK contracted by 2.0% year-on-year in February 2024, reversing from an upwardly revised 2.0% expansion in the prior month, compared to market forecasts of a 1% drop, as new work fell faster (-7.9% vs -5.7% in January) while repair & maintenance activity grew the least in seven months (6.8% vs 14.1%). Monthly, construction output shrank by 1.9% in February, after a 1.1% growth in January. The decrease came from both new work (-2.3%) and repair and maintenance (-1.4%), as heavy rainfall led to delays in planned work and decreased output. On the sector side, eight out of the nine sectors saw a decline, with the main contributors decreasing from non-housing repair and maintenance, which fell by 2.5% and 4%, respectively. By contrast, private housing repair grew by 0.2%.