Construction output in the United Kingdom increased 1.7 percent year-on-year in May 2019, following an upwardly revised 3.1 percent rise in April and above market expectations of a 0.9 percent gain. It was the weakest growth in construction activity since December. Output rose less for all new work (3.6% vs 3.9% in April), mainly hampered by declines in other new work from public (-7.3% vs 1.5%); private commercial (-6.8% vs 4.7%) and private industrial (-0.7% vs 11.9%). Conversely, activity advanced faster for total housing (9.4% vs 8.5%) and infrastructure (13.6% vs 12.4%). Meantime, all repair and maintenance decreased (-1.8 percent vs 1.6 percent). On a monthly basis, construction output advanced 0.6 percent, after an upwardly revised 0.5 percent fall in the prior month and beating market consensus of a 0.4 percent gain. Construction Output in the United Kingdom averaged 2.12 percent from 1997 until 2019, reaching an all time high of 24 percent in March of 2002 and a record low of -19.20 percent in January of 2010.

Construction Output in the United Kingdom is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in the United Kingdom to stand at 1.40 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 1.50 percent in 2020, according to our econometric models.

United Kingdom Construction Output
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-10 08:30 AM Construction Output YoY Feb 3.3% 2.2% 2.4% 2%
2019-05-10 08:30 AM Construction Output YoY Mar 3.2% 3.2% 4.5% 4.5%
2019-06-10 08:30 AM Construction Output YoY Apr 2.4% 3.2% 3.3% 4%
2019-07-10 08:30 AM Construction Output YoY May 1.7% 3.1% 0.9% 0.5%
2019-08-09 08:30 AM Construction Output YoY Jun 1.7% 0.5%
2019-09-09 08:30 AM Construction Output YoY Jul
2019-10-10 08:30 AM Construction Output YoY Aug


United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 38290.00 35660.00 69520.00 16420.00 units [+]
Construction Output 1.70 3.10 24.00 -19.20 percent [+]
Housing Index 767.40 769.30 769.30 96.10 Index Points [+]
Mortgage Approvals 65.41 66.05 151.80 26.35 Thousand [+]
Nationwide Housing Prices 431.92 428.79 432.91 98.95 Index Points [+]
Mortgage Applications 42384.00 42898.00 92431.00 17275.00 Units [+]
Construction Pmi 43.10 48.60 64.60 27.80 [+]
Construction Orders 6.60 -10.30 37.40 -43.90 percent [+]
Home Loans 3102.00 4093.00 10264.00 -316.00 GBP Million [+]
Home Ownership Rate 65.00 63.40 73.30 63.40 percent [+]


United Kingdom Construction Output

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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 3.10 24.00 -19.20 1997 - 2019 percent Monthly
SA




Country Last Previous
Argentina -3.40 May/19
Australia -1.90 Mar/19
Euro Area 2.00 May/19
France 6.20 Mar/19
Germany 0.10 May/19
India 5.10 May/19
Italy 2.00 May/19
Mexico -9.75 May/19
Netherlands 6.30 May/19
Russia 0.10 Jun/19
South Korea -5.30 May/19
Spain 0.00 May/19
Switzerland 1.20 Mar/19
United Kingdom 1.70 May/19


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