Construction output in the UK rose by 3.9 percent year-on-year in April of 2022, easing from a 4.7 percent advance in the previous month and compared with market expectations of 2.8 percent. The latest figure marked the softest growth in construction activity since October 2021, with repair and maintenance growing the least in 14 months (3.0 percent (vs 5.5 percent in March). Meantime, all new work went up further (4.4 percent vs 4.3 percent), amid a sharp pickup in new housing (6.2 percent vs 0.7 percent). On a monthly basis, construction activity fell 0.4 percent, the first drop in six months, and after a 1.7 percent gain in March. 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 June of 2022.
Construction Output in the United Kingdom is expected to be -22.30 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.