Construction Output Increased Slightly In Q3

The ONS has published data on construction output in September 2024.

Data includes short-term measures of output by the construction industry in September 2024, contracts awarded for new construction work in Great Britain and a summary of the Construction Output Price Indices (OPIs) in the UK for Quarter 3 (July to Sept) 2024.

Key points:

• Construction output is estimated to have increased by 0.8% in Quarter 3 (July to Sept) 2024 compared with Quarter 2 (Apr to June) 2024; this came solely from an increase in new work (2.0%), as repair and maintenance fell by 0.6%.
  
  
• Monthly construction output is estimated to have grown by 0.1% in volume terms in September 2024; this came solely from a rise in repair and maintenance (0.4%) as new work fell by 0.2%.
  
  
• At the sector level, four out of the nine sectors grew in September 2024; the main contributor to the monthly increase was private housing repair and maintenance, which grew by 1.3%.
  
  
• Total construction new orders fell 22.0% (£2,722 million) in Quarter 3 2024 compared with Quarter 2 2024; this quarterly decrease came mainly from private new housing and private commercial new work, which fell 31.3% (£861 million) and 20.8% (£786 million), respectively.
  
  
• The annual rate of construction output price growth was 2.0% in the 12 months to September 2024.

Source : ONS

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