Construction output in the UK rose 6 percent year-on-year in March of 2021, the first increase since December of 2019 and beating market forecasts of 0.1 percent. England began easing coronavirus lockdown from March 8th. A rebound was seen for new housing (8.2 percent vs -4.3 percent) and new work (3.2 percent vs -6.7 percent) and repair and maintenance surged 11.1 percent (vs 3.2 percent). Construction output in March 2021 was 2.4% above the February 2020 pre-pandemic level. source: Office for National Statistics
Construction Output in the United Kingdom averaged 1.31 percent from 1997 until 2021, reaching an all time high of 24 percent in March of 2002 and a record low of -45.40 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 May of 2021.
Construction Output in the United Kingdom is expected to be 36.00 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 4.30 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 3.80 percent in 2022 and 2.50 percent in 2023, according to our econometric models.