Construction output in the United Kingdom increased by 1.8 percent year-on-year in January 2019, following a 2.4 percent decline in the previous period and compared with market expectations of a 0.3 percent drop. Output rebounded for all new work (1.1 percent vs -2.3 percent in December), namely total new housing (6.0 percent vs -3.2 percent) driven by the public segment (21.4 percent vs 4.6 percent) and the private one (3.6 percent vs -4.6 percent) while it slowed for infrastructure (2.7 percent vs 4.1 percent). In addition, output recovered for all repair and maintenance (3.3 percent vs -2.7 percent). On a monthly basis, construction output rose 2.8 percent, after a 2.8 percent decline and beating market expectations of a 0.9 percent increase. Construction Output in the United Kingdom averaged 2.12 percent from 1997 until 2019, reaching an all time high of 24 percent in March of 2002 and a record low of -19.20 percent in January of 2010.

Construction Output in the United Kingdom is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in the United Kingdom to stand at 0.50 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 1.50 percent in 2020, according to our econometric models.

United Kingdom Construction Output
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-12-10 09:30 AM Construction Output YoY 3.8% 3% 3.2% 3.6%
2019-01-11 09:30 AM Construction Output YoY 3% 4.1% 2.5% 3.6%
2019-02-11 09:30 AM Construction Output YoY -2.4% 1.8% 1.5% 1.7%
2019-03-12 09:30 AM Construction Output YoY 1.8% -2.4% -0.3% -0.5%
2019-04-10 08:30 AM Construction Output YoY 1.8%
2019-05-10 08:30 AM Construction Output YoY 0.2%
2019-06-10 08:30 AM Construction Output YoY


United Kingdom Housing Last Previous Highest Lowest Unit
Housing Starts 46930.00 41950.00 69520.00 16420.00 units [+]
Construction Output 1.80 -2.40 24.00 -19.20 percent [+]
Housing Index 766.40 723.80 766.40 96.10 Index Points [+]
Mortgage Approvals 66.77 64.47 151.80 26.30 Thousand [+]
Mortgage Applications 40634.00 39350.00 93589.00 17157.00 Units [+]
Construction Pmi 49.50 50.60 64.60 27.80 [+]
Construction Orders -10.50 -31.40 37.40 -43.90 percent [+]
Home Ownership Rate 65.00 63.40 73.30 63.40 percent [+]


United Kingdom Construction Output

In the United Kingdom, construction output measures the yearly change in the amount charged by construction companies to customers for value of work. The value is based on the sample of 8,000 businesses, employing over 100 people or with an annual turnover of more than £60 million. Construction estimates are a component of GDP from the production approach, contributing approximately 6.4% of GDP. This page provides the latest reported value for - United Kingdom Construction Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Construction Output - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 -2.40 24.00 -19.20 1997 - 2019 percent Monthly
SA




Country Last Previous
Argentina -20.50 Dec/18
Australia -3.10 Dec/18
Euro Area -0.70 Jan/19
France 0.20 Jan/19
Germany -4.10 Dec/18
India 1.80 Jan/19
Italy -1.00 Jan/19
Mexico 1.70 Jan/19
Netherlands 4.30 Dec/18
Russia 0.30 Feb/19
South Korea -11.80 Jan/19
Spain 10.90 Dec/18
Switzerland -2.50 Dec/18
United Kingdom 1.80 Jan/19


Related

Latest