Construction output in the United Kingdom grew 3.0 percent year-on-year in November 2018, following an upwardly revised 4.1 percent rise in October and compared with market expectations of a 2.5 percent gain. Output increased less for all new work (4.5% vs 5.4% in October) amid softer rises in total housing (8.2% vs 10.2%), led by the public segment (1.1% vs 8.9%) and infrastructure (11.2% vs 12.9%). In addition, activity shrank in other new work from public (-4.5% vs 1.5%) and private commercial (-1.8% vs -2.7%) while rebounded for private industrial (2.3% vs -6.3%). Also, all repair and maintenance went up at a much slower pace (0.2% vs 1.7%). On a monthly basis, construction output rose 0.6 percent, after showing no growth in October and beating market consensus of a 0.2 percent gain. Construction Output in the United Kingdom averaged 2.13 percent from 1997 until 2018, 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 2.20 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 2.30 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 2.20 percent in 2020, according to our econometric models.

United Kingdom Construction Output
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-10 08:30 AM Construction Output YoY 0.3% 2.8% 1.4% 2.1%
2018-11-09 09:30 AM Construction Output YoY 3% 0.5% 1.1% 1.9%
2018-12-10 09:30 AM Construction Output YoY 3.8% 3% 3.2% 3.6%
2019-01-11 09:30 AM Construction Output YoY 3% 4.1% 2.5% 3.6%
2019-02-11 09:30 AM Construction Output YoY 3% 1.7%
2019-03-12 09:30 AM Construction Output YoY
2019-04-10 08:30 AM Construction Output YoY


United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 46930.00 41190.00 69520.00 16420.00 units [+]
Construction Output 3.00 4.10 24.00 -19.20 percent [+]
Housing Index 743.50 727.80 743.70 96.10 Index Points [+]
Mortgage Approvals 63.73 66.71 151.80 26.30 Thousand [+]
Mortgage Applications 39403.00 39640.00 93541.00 17159.00 Units [+]
Construction Pmi 52.80 53.40 64.60 27.80 [+]
Construction Orders -30.70 -7.70 37.40 -43.90 percent [+]
Home Ownership Rate 63.40 63.50 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 4.10 24.00 -19.20 1997 - 2018 percent Monthly
SA




Country Last Previous
Argentina -15.90 Nov/18
Australia -2.80 Sep/18
Euro Area 0.90 Nov/18
France 0.50 Nov/18
Germany -1.90 Nov/18
India 3.50 Nov/18
Italy 0.60 Aug/18
Mexico -3.30 Nov/18
Netherlands 7.70 Oct/18
Russia 0.10 Sep/18
South Korea -10.60 Nov/18
Spain -1.10 Oct/18
Switzerland -0.30 Sep/18
United Kingdom 3.00 Nov/18


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