Construction output returns to growth

Construction

August 13, 2018 – That the UK construction industry rebounded in spring after a difficult start to the year has now been confirmed by official statistics.

The Office for National Statistics reports that construction output grew by 0.9% in the second quarter of the year (April to June) 2018, recovering from a 0.8% fall in the first quarter.

The quarter-on-quarter increase in construction output was driven by a 2.7% increase in repair and maintenance work. There was no change in data for all new work.

For the first four months of 2018 construction output contracted every month, compared to the previous month. The turnaround began in May, with a 2.9% rise on April. June construction output was 1.4% up on May. This rise was driven predominantly by the continued growth in infrastructure new work, which increased by 9.2%.

Compared to Q2 2017, output in Q2 2018 was up by 0.8% and quarterly industry output has returned to £40.9bn, matching the level recorded at the end of 2017.

Source:- https://www.theconstructionindex.co.uk/news/view/construction-output-returns-to-growth

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