ONS: Construction Output Declined In Q2

The ONS has published the latest constructor sector data, covering short-term measures of output by the construction industry in June 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 2 (Apr to June) 2024.

Key points:

• 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% (£1,771 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% (£503 million) and 23.4% (£389 million), respectively.

• The annual rate of construction output price growth was 1.9% in the 12 months to June 2024.

Source : ONS

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