Construction output in the United Kingdom rose 2.0 percent year-on-year in November 2019, after a downwardly revised 0.3 percent drop in October and against market expectations of a 1.4 percent fall. It was the largest monthly rise in construction activity since January, as all new work increased at a faster pace (2.6% vs 0.1% in October), driven by other new work from private industrial (10.4% vs 0.9%) and private commercial (2.4% vs 2.9%). Meantime, activity picked up for total housing (3.1% vs 0.2%), amid gains in the public segment (20.1% vs 23%) and the private one (0.3% vs -3.4%) along with infrastructure (1.5% vs 0.9%). In addition, all repair & maintenance posted the first gain in seven months (0.9% vs -0.9%). On a seasonally adjusted monthly basis, construction output advanced 1.9 percent, after a downwardly revised 2.2 percent fall in the prior month and beating market consensus of a 0.6 percent gain.
Construction Output in the United Kingdom averaged 2.02 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. 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.
Construction Output in the United Kingdom is expected to be 1.00 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 1.20 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.