The main points:
-
Construction output is estimated to have decreased 0.9% in the three months to January 2024; this came solely from a decrease in new work (4.5% fall), as repair and maintenance increased by 4.0%.
-
The decrease over the three months came from infrastructure new work and private housing new work, which fell 9.3% and 5.2%, respectively; with the main positive contributions coming from non-housing repair and maintenance, and private housing repair and maintenance, which increased 3.2% and 3.3%, respectively.
-
Monthly construction output is estimated to have increased 1.1% in volume terms in January 2024; this follows three consecutive monthly falls, with the monthly value in levels terms at £15,422 million in January 2024.
-
The increase in monthly output came from increases in both new work (1.1%) and repair and maintenance (1.2%).
-
At the sector level, six out of the nine sectors saw a rise in January 2024; the main contributors to the monthly increase were private new housing, and non-housing repair and maintenance, which increased 2.6% and 1.9%, respectively.
For further details, click here.
The Construct UK Sales & Marketing Directory hosts over 75 articles, 1,000 construction events and 30 different databases for download. The annual £195 (+VAT) subscription fee provides unlimited access to all resources on the site.
Keep up to date with the latest construction marketing news by registering for our regular free construction sales and marketing e-bulletin here.
Follow us on Twitter