Output in the UK construction sector is estimated to have decreased by 1.9% in volume terms in February 2024 compared to the previous month. The Office for National Statistics (ONS) said this follows a 1.1% increase in January 2024, with the monthly value in level terms at £15,229 million
Office For National Statistics
UK construction output decreased by 1.3% in the final quarter of 2023 and 0.5% in December last year, according to official figures.
A 1.3% increase in UK construction output has been welcomed after a slight dip in previous months, but the overall picture remains bleak for the industry as it faces soaring prices with materials and skills shortages continuing to bite.
Output in the UK construction sector fell for the third consecutive month in June according to the Office for National Statistics (ONS), recording the largest monthly decline since December 2020.
Monthly output in the construction sector across the UK has fallen for the first time since the national lockdown in March.
The UK House Price Index released today by the Office for National Statistics (ONS) has revealed that Scotland’s house prices are rising faster than in England.