Construction orders in the UK jumped 135.2 percent from a year earlier in the second quarter of 2021, reversing a revised 13.6 percent decline in the previous three-month period. It was the strongest rise in construction orders on record, mainly due to low base effects from the pandemic shock a year ago. Orders rebounded sharply for all other work (135.7 percent vs -20.1 percent in Q1), new housing (134.1 percent vs 3 percent) and infrastructure (98.4 percent vs -55 percent). On a quarterly basis, construction orders surged 17.6 percent, following an upwardly revised 12.7 percent rise in the previous quarter. source: Office for National Statistics
Construction Orders in the United Kingdom averaged -0.06 percent from 1965 until 2021, reaching an all time high of 135.20 percent in the second quarter of 2021 and a record low of -46.50 percent in the second quarter of 2020. This page provides - United Kingdom Construction Orders- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Construction New Orders - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Construction Orders in the United Kingdom is expected to be 45.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Construction New Orders is projected to trend around 4.40 percent in 2022 and 2.40 percent in 2023, according to our econometric models.