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United Kingdom Construction Output
Last Release
Sep 30, 2024
Actual
-0.4
Units In
%
Previous
0.3
Frequency
Monthly
Next Release
Dec 12, 2024
Time to Release
25 Days 6 Hours
Highest | Lowest | Average | Date Range | Source |
80.1 Apr 2021 | -45.6 Apr 2020 | 2 % | 1997-2024 | Office for National Statistics |
In the United Kingdom, construction output measures the yearly change in the amount charged by construction companies to customers for value of work. The value is based on the sample of 8,000 businesses, employing over 100 people or with an annual turnover of more than £60 million. Construction estimates are a component of GDP from the production approach, contributing approximately 6.4% of GDP.
Latest Updates
Construction output in the UK contracted by 0.4% year-on-year in September 2024, compared with market estimates of a 0.5% decline and after an upwardly revised 0.5% growth in the previous month. It was the sixth time of decrease so far this year, dragged by a further drop in new work (-2.7% vs -2.9% in August). At the same time, there was a sharp slowdown in repair and maintenance activity (2.8% vs 5.4%). Monthly, construction output edged up 0.1%, much slower than a 0.6% increase in August as new work declined (-0.2% vs 1.7%) while repair and maintenance activity grew for the first time in four months (0.4% vs -0.8%). Sector-wise, four out of nine logged expansion, with private housing repair and maintenance being the main contributor to the rise.
United Kingdom Construction Output History
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