The Office for National Statistics published estimates of construction output, new orders, and output prices this morning.
- Construction output is estimated to have fallen by 0.1% in Quarter 2 (Apr to June) 2024, compared with Quarter 1 (Jan to Mar) 2024; this came solely from a decrease in new work (0.5% fall), as repair and maintenance grew by 0.4%.
- Monthly construction output is estimated to have grown by 0.5% in June 2024; this came from rises in both new work (0.9%), and repair and maintenance (0.1%).
- At the sector level, seven out of the nine sectors grew in June 2024, with the main contributors to the monthly increase from non-housing repair and maintenance, and private commercial new work, which grew by 3.2% and 2.1%, respectively.
- Total construction new orders grew by 16.5% (ยฃ1,771 million) in Quarter 2 2024, compared with Quarter 1 2024; this quarterly increase mainly came from private commercial new work, and infrastructure new work, which grew by 15.1% (ยฃ503 million) and 23.4% (ยฃ389 million), respectively.
- The annual rate of construction output price growth was 1.9% in the 12 months to June 2024.
Read the full report here.
Download the ONS Construction updateย here.
