Construction output in the UK increased 10.1 percent year-on-year in August of 2021, the smallest increase in 5 months, but well above forecasts of 5.7 percent. Smaller increases were seen for all new work (12 percent vs 15.3 percent), repair and maintenance (6.9 percent vs 9.4 percent) and new housing (5.2 percent vs 12.7 percent). Monthly construction output fell 0.2 percent in August, with the level of output now 1.5% below its pre-coronavirus pandemic level. The recovery to date, since the start of the pandemic, is mixed at a sector level, shown with infrastructure 45.4 percent above and private commercial 26.3 percent below their respective February 2020 levels. source: Office for National Statistics
Construction Output in the United Kingdom averaged 1.93 percent from 1997 until 2021, reaching an all time high of 80.30 percent in April of 2021 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 October of 2021.
Construction Output in the United Kingdom is expected to be 5.10 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 Output is projected to trend around 3.80 percent in 2022 and 2.50 percent in 2023, according to our econometric models.