Construction output in the UK increased by 4.1 percent year-on-year in June of 2022, following an upwardly revised 4.9 percent gain in the previous month and beating market expectations of 3.3 percent. All new work activity slowed (2.8 percent vs 5.1 percent in May), amid moderation in new housing (7.9 percent vs 10.8 percent). Meantime, all repair and maintenance accelerated increased (6.4 percent vs 4.5 percent). On a monthly basis, construction activity declined 1.4 percent in June, the first drop in eight months, after an upwardly revised 1.8 percent gain in May. source: Office for National Statistics
Construction Output in the United Kingdom averaged 1.99 percent from 1997 until 2022, reaching an all time high of 80 percent in April of 2021 and a record low of -46 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 August of 2022.
Construction Output in the United Kingdom is expected to be 4.20 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 4.20 percent in 2023 and 2.50 percent in 2024, according to our econometric models.