ONS: Construction Output Increased In Q4 2024

• Construction output is estimated to have increased by 0.5% in Quarter 4 (Oct to Dec) 2024 compared with Quarter 3 (July to Sept) 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.

Quarterly construction output is estimated to have grown by 0.5% in Quarter 4 (Oct to Dec) 2024. This was driven by growth in November 2024, up by 0.6% (revised from 0.4%), and followed no growth (0.0%) in October 2024 (revised from a fall of 0.3%).

Monthly construction output is estimated to have fallen by 0.2% in volume terms in December 2024.

Quarter-on-quarter construction output growth in Quarter 4 2024

Construction output grew by 0.5% (£241 million) in Quarter 4 2024. The quarterly growth came solely from an increase in new work (1.2%), as repair and maintenance fell by 0.4%.

Of the nine sectors, six saw increases in Quarter 4 2024, with the largest contributors being private new housing and public other new work. These sectors grew by 1.3% (£127 million) and 4.3% (£121 million), respectively.

Month-on-month construction output growth in December 2024

The 0.2% fall in construction output in December 2024 represents a decrease of £40 million in monetary terms compared with November 2024, with five out of the nine sectors seeing falls on the month. The volume in December 2024 was £17,744 million.

Non-housing repair and maintenance, and private housing repair and maintenance were the largest negative contributors to the monthly decrease in December 2024, decreasing by 1.8% (£74 million) and 1.4% (£41 million), respectively.

Year-on-year change in construction output in 2024

Total annual construction output increased by 0.4% in 2024 compared with 2023. This is the fourth consecutive year of annual growth.

The annual increase in 2024 was solely because of a rise in repair and maintenance, which rose by 8.5%, as new work decreased by 5.3%.

At the sector level, four of the nine sectors saw an increase in annual growth in 2024. Non-housing repair and maintenance, and private housing repair and maintenance were the largest positive contributors, growing by 8.5% and 7.0%, respectively. The main negative contributor to annual growth was infrastructure new work, which fell by 9.3%.

Source : ONS

Image : Pexels / Nicholas Lim / 3792575

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.