Construction output in the UK jumped 56.5 percent year-on-year in May of 2021, the second-strongest rate on record, amid low base effects from last year when the pandemic hit the economy hard and dragged down construction output by 38.1 percent. Figures compare with market forecasts of 58.3 percent. New housing surged by 109.1 percent, all new work by 52.3 percent and repair and maintenance by 64.2 percent. On a monthly basis, construction activity fell 0.8 percent with the level of output remaining slightly above its pre-pandemic February 2020 level. New work and repair and maintenance both contributed to the monthly decline in May 2021 with evidence from businesses suggesting the adverse weather conditions being a contributing factor. source: Office for National Statistics
Construction Output in the United Kingdom averaged 1.76 percent from 1997 until 2021, reaching an all time high of 79.40 percent in April of 2021 and a record low of -45.40 percent in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
Construction Output in the United Kingdom is expected to be 15.10 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 4.60 in 12 months time. In the long-term, the United Kingdom Construction Output is projected to trend around 3.80 percent in 2022 and 2.50 percent in 2023, according to our econometric models.