Construction output in the United Kingdom fell by 10 percent year-on-year in September of 2020, following a revised 12.2 percent plunge in the prior month and compared to market expectations of an 11.7 percent contraction. It was the smallest decline in construction activity since March when the pandemic started to hit the economy. All new work shrank by 12.4 percent (vs -13.4 percent in August) amid softer decreases in private new housing (-7.3 percent vs -10.6 percent), industrial (-24 percent vs -34.7 percent) and commercial (-18.1 percent vs -22.2 percent). Also, repair and maintenance fell by 5.4 percent, compared to a 9.9 percent slump in August. On a monthly basis, construction output grew by 2.9 percent, the fifth consecutive month of growth in all work since the large fall in construction output in April. Still, the level of output remains 7.3 percent lower than pre-pandemic levels. source: Office for National Statistics
Construction Output in the United Kingdom averaged 1.36 percent from 1997 until 2020, reaching an all time high of 24 percent in March of 2002 and a record low of -45.90 percent in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Construction Output in the United Kingdom is expected to be -11.60 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 6.50 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 5.10 percent in 2021 and 2.50 percent in 2022, according to our econometric models.