Construction output in the United Kingdom went up 3.2 percent year-on-year in March of 2019, the same pace as in the previous month and well below market expectations of a 4.5 percent gain. All repair and maintenance went up at a much slower pace (3.0 percent vs 5.9 percent) due to the public segment (-2.3 percent vs 3.3 percent) and the private one (0.7 percent vs 4.4 percent). On the other hand, all new work output rose faster (3.3 percent vs 1.9 percent) amid an increase in total housing (4.7 percent vs 3.4 percent), led by the public segment (23.7 percent vs 15.3 percent). Infrastructure output also contributed to the increase (15.6 percent vs 13.1 percent). On a monthly basis, construction output fell 1.9 percent, after a 0.5 percent rise in February. Construction Output in the United Kingdom averaged 2.11 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 0.50 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 1.00 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
2019-02-11 09:30 AM Construction Output YoY -2.4% 1.8% 1.5% 1.7%
2019-03-12 09:30 AM Construction Output YoY 1.8% -2.4% -0.3% -0.5%
2019-04-10 08:30 AM Construction Output YoY 3.3% 2.2% 2.4% 2%
2019-05-10 08:30 AM Construction Output YoY 3.2% 3.2% 4.5% 4.5%
2019-06-10 08:30 AM Construction Output YoY 3.2%
2019-07-10 08:30 AM Construction Output YoY
2019-08-09 08:30 AM Construction Output YoY 0.5%


United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 35660.00 46930.00 69520.00 16420.00 units [+]
Construction Output 3.20 3.20 24.00 -19.20 percent [+]
Housing Index 765.82 757.32 766.90 96.10 Index Points [+]
Mortgage Approvals 62.34 65.34 151.80 26.33 Thousand [+]
Mortgage Applications 39980.00 39207.00 92331.00 17562.00 Units [+]
Construction Pmi 50.50 49.70 64.60 27.80 [+]
Construction Orders -10.50 -31.40 37.40 -43.90 percent [+]
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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.20 24.00 -19.20 1997 - 2019 percent Monthly
SA




Country Last Previous
Argentina -12.30 Mar/19
Australia -3.10 Dec/18
Euro Area 6.30 Mar/19
France 6.20 Mar/19
Germany 10.30 Mar/19
India 4.70 Mar/19
Italy 7.80 Feb/19
Mexico -2.87 Mar/19
Netherlands 9.90 Mar/19
Russia 0.20 Mar/19
South Korea -2.90 Mar/19
Spain -5.80 Mar/19
Switzerland -2.50 Dec/18
United Kingdom 3.20 Mar/19


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