The Office for National Statistics published estimates of Construction Output for December 2024, along with new orders and Construction Output Price Indices for Q4 2024 this morning.
Main points:
- Construction output is estimated to have increased by 0.5% in Quarter 4 2024 compared with Quarter 3 2024; this came solely from an increase in new work (1.2%), as repair and maintenance fell by 0.4%.
- Monthly construction output is estimated to have fallen by 0.2% in volume terms in December 2024; this came solely from a fall in repair and maintenance (1.8%) as new work grew by 1.1%.
- At the sector level, five out of the nine sectors fell in December 2024; the main contributors to the monthly decrease were non-housing repair and maintenance, and private housing repair and maintenance, which fell by 1.8% and 1.4%, respectively.
- Total construction new orders fell by 2.4% (£231 million) in Quarter 4 2024 compared with Quarter 3 2024; this quarterly decrease came solely from infrastructure new work and private industrial new work, which fell by 23.5% (£496 million) and 19.7% (£197 million), respectively.
- Annual construction output increased by 0.4% in 2024 compared with 2023; this is the fourth consecutive year of annual growth.
- The annual rate of construction output price growth was 3.0% in the 12 months to December 2024.
Read the full DBT report here.
Download the ONS Construction update here.
