Construction output increased by 1.6% in volume terms in June 2023

The Office for National Statistics published estimates of construction output for June 2023.

• Monthly construction output is estimated to have increased 1.6% in volume terms in June 2023; this came from increases in both new work (2.0%) and repair and maintenance (1.1%) on the month.
• At the sector level, six out of the nine sectors saw a rise in June 2023, with the main contributors to the monthly increase seen in infrastructure new work and non-housing repair and maintenance, which increased 4.7% and 3.4%, respectively.
• Quarterly construction output increased 0.3% in Quarter 2 (Apr to June) 2023 compared with Quarter 1 (Jan to Mar) 2023; the increase came solely from June 2023, with an increase in repair and maintenance (0.9%), while new work saw a decrease of 0.1%.
• Total construction new orders decreased 7.1% (£786 million) in Quarter 2 2023 compared with Quarter 1 2023; this quarterly fall came mainly from public other new orders and infrastructure new orders, which fell 32.9% (£576 million) and 26.5% (£519 million), respectively.
• The annual rate of construction output price growth was 4.6% in the 12 months to June 2023; this has slowed from the record annual price growth in May 2022 (10.4%).

Read the full DBT construction dashboard here.

Download the ONS Construction update here.

#construction #economy #CLC #construction output #constructionleadershipcouncil

Latest news

Homes for Nature

Leading UK home builders commit to building Homes for Nature