Construction output in the United Kingdom increased 0.3 percent year-on-year in July 2019, reversing a 0.2 percent fall in June and beating market expectations of a 0.1 percent growth. Output increased faster for all new work (2.3 percent vs 1.9 percent in June) and infrastructure (12.1 percent vs 9.4 percent). Meantime, repair and maintenance activity shrink less (-3.5 percent vs -4.0 percent). On the other hand, output rose at a softer pace for total housing (3.7 percent vs 5.2 percent), led by the public sector (14.1 percent vs 30.9 percent). On a monthly basis, construction output jumped 0.5 percent, rebounding from a 0.7 percent fall in June. Construction Output in the United Kingdom averaged 2.10 percent from 1997 until 2019, reaching an all time high of 24 percent in March of 2002 and a record low of -19.20 percent in January of 2010.
Construction Output in the United Kingdom is expected to be 0.60 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 1.40 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 1.50 percent in 2020, according to our econometric models.