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