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Thu February 25 2021

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Construction output falls

11 Apr 14 The seasonally adjusted estimate of construction output in February 2014 fell by 2.8% (£270m) when compared with January, according to today’s figures from the Office for National Statistics.

But the longer-term data show a slightly improved picture emphasising the volatility in the short-term estimates.

The output of new work is now 12.3% below its monthly peak of £6.6bn recorded in June 2011. The estimated figure for February this year is £5.8bn.

There were falls in both sub-sectors with new work falling 2.6% (£160m) and repair and maintenance falling 3.1% (£110m).

The three monthly (December to February) estimate of construction output is that all work grew 0.3% when compared with the previous three months (September to November) due to a 1% increase in new work. During this period repair and maintenance decreased 0.8% despite a slight rise of 0.3% in public housing repair and maintenance.

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