Construction output in the UK fell 4.3 percent year-on-year in February of 2021, following an upwardly revised 6.5 percent plunge in January and compared to market forecasts of a smaller 1.9 percent drop. Decreases were seen in new housing (-6.2 percent vs -14.2 percent) and new work (-7.8 percent vs -12.1 percent) while repair and maintenance (2.2 percent vs 4.8 percent) increased. Month-over-month, construction output jumped 1.6 percent because of a 1.5 percent increase in new work and 1.9 percent increase in repair and maintenance. source: Office for National Statistics
Construction Output in the United Kingdom averaged 1.28 percent from 1997 until 2021, reaching an all time high of 24 percent in March of 2002 and a record low of -45.40 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 May of 2021.
Construction Output in the United Kingdom is expected to be 21.00 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 4.30 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 3.80 percent in 2022 and 2.50 percent in 2023, according to our econometric models.