Construction output in the UK fell 3.9 percent year-on-year in December of 2020, following an upwardly revised 2 percent drop in November and compared to forecasts of a 0.2 percent decrease. New housing went down 9.1 percent (vs -8.1 percent in November) and new work went down 9.4 percent (vs -6.8 percent) while repair and maintenance increased 6.9 percent (vs 7.2 percent). Considering full 2020, construction output contracted 12.5 percent, the largest decrease since 2009 and following a 1.8 percent rise in 2019. source: Office for National Statistics
Construction Output in the United Kingdom averaged 1.39 percent from 1997 until 2020, reaching an all time high of 24 percent in March of 2002 and a record low of -44.30 percent in April of 2020. This page provides the latest reported value for - United Kingdom Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Construction Output in the United Kingdom is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in the United Kingdom to stand at 5.10 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 2.50 percent in 2022, according to our econometric models.