Construction output in the United Kingdom went up 3 percent year-on-year in September 2018, following an upwardly revised 0.5 percent gain in the previous month and well above market expectations of 1.1 percent. It was the steepest increase in construction production since December last year, and mostly a result of a 3.4 percent rise in all new work (from -0.6 percent in August), and an increase of 2.4 percent in total repair & maintenance (from 2.5 percent). Contributions to growth came mainly from new housing, both public (11 percent from -2.9 percent) and private (9.9 percent from 7 percent) and other infrastructure new work (10.7 percent from 4.6 percent). On the other hand, falls were seen in other private industrial work (-7.3 percent from 2.8 percent). Construction Output in the United Kingdom averaged 2.14 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 1.70 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 2.40 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.