The Office for National Statistics has published its latest construction output data, which shows:

  • Monthly construction output fell by 1.3% in June 2021, because of a decline in repair and maintenance (4.2%) offset by a small increase in new work (0.5%).

  • Construction output in June 2021 was 0.3% (£39 million) below the February 2020 pre-coronavirus (COVID-19) pandemic level; new work was 2.1% (£188 million) below this level, while repair and maintenance was 3.1% (£149 million) above.

  • In contrast to the monthly fall, quarterly construction output grew by 3.3% in Quarter 2 (Apr to June) 2021 compared with Quarter 1 (Jan to Mar) 2021; both new work (3.9%) and repair and maintenance (2.3%) saw increases.

  • Total construction new orders grew by 17.6% (£1,998 million) in Quarter 2 2021 compared with Quarter 1 2021; total new orders recovered in Quarter 2 2021 to above its pre-pandemic level for the first time at 1.6% (£214 million) above the Quarter 1 2020 level.

  • The annual rate of construction output price growth was 3.4% in June 2021; this was the strongest annual rate of construction output price growth since August 2019 (3.5%).

Construction Output in June 2021

Monthly construction output fell for the third consecutive month in June 2021, by 1.3%. This is the largest monthly decline since December 2020 when output fell 2.2%. As shown in Table 1, this monthly fall means output has returned to below the pre-coronavirus (COVID-19) pandemic level in February 2020 (0.3% below).

Despite the three monthly falls in growth for the months within Quarter 2 (Apr to June) 2021, quarterly growth increased by 3.3% which, apart from Quarter 3 (July to Sept) 2020, is the strongest quarterly growth since Quarter 3 2013 (3.6%). The strong quarterly growth is partly a by-product of the weak January 2021 in the base period.

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The Office for National Statistics has published its latest construction output data, which shows:

  • Monthly construction output fell by 1.3% in June 2021, because of a decline in repair and maintenance (4.2%) offset by a small increase in new work (0.5%).

  • Construction output in June 2021 was 0.3% (£39 million) below the February 2020 pre-coronavirus (COVID-19) pandemic level; new work was 2.1% (£188 million) below this level, while repair and maintenance was 3.1% (£149 million) above.

  • In contrast to the monthly fall, quarterly construction output grew by 3.3% in Quarter 2 (Apr to June) 2021 compared with Quarter 1 (Jan to Mar) 2021; both new work (3.9%) and repair and maintenance (2.3%) saw increases.

  • Total construction new orders grew by 17.6% (£1,998 million) in Quarter 2 2021 compared with Quarter 1 2021; total new orders recovered in Quarter 2 2021 to above its pre-pandemic level for the first time at 1.6% (£214 million) above the Quarter 1 2020 level.

  • The annual rate of construction output price growth was 3.4% in June 2021; this was the strongest annual rate of construction output price growth since August 2019 (3.5%).

Construction Output in June 2021

Monthly construction output fell for the third consecutive month in June 2021, by 1.3%. This is the largest monthly decline since December 2020 when output fell 2.2%. As shown in Table 1, this monthly fall means output has returned to below the pre-coronavirus (COVID-19) pandemic level in February 2020 (0.3% below).

Despite the three monthly falls in growth for the months within Quarter 2 (Apr to June) 2021, quarterly growth increased by 3.3% which, apart from Quarter 3 (July to Sept) 2020, is the strongest quarterly growth since Quarter 3 2013 (3.6%). The strong quarterly growth is partly a by-product of the weak January 2021 in the base period.

For the full story, please visit this link.