Construction output flatlines

construction

July 11, 2019 – Latest numbers from the Office for National Statistics (ONS) indicate that there was zero growth in construction output in Great Britain this past spring.

The latest ONS three-month on three-month all work series for May 2019 shows growth of 0.0% for construction output.

A 0.3% increase in new work during the March to May 2019 period was offset by a fall in repair and maintenance of 0.5%.

In new work, the increase in the three-month on three-month series in May 2019 was driven by growth in private commercial new work and public new housing, which saw growths of 2.2% and 8.4% respectively.

In repair and maintenance, the decrease in the three-month on three-month series in May 2019 was because of declines in both private and public housing repair and maintenance, which decreased by 2.5% and 3.2% respectively.

Compared to April 2019, construction output in mainland Great Britain increased by 0.6% in May, driven by increases in both new work and repair and maintenance which grew by 0.4% and 1.2% respectively.

Source:-https://www.theconstructionindex.co.uk/news/view/construction-outplut-flatlines

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