Construction output in the UK rose by 4.1% year-on-year in March 2023, following an upwardly revised 6% increase in the previous month and above market expectations of 3.6%. Increases were seen in repair & maintenance (6.1%) and new work (2.8%). Compared to the previous month, construction output grew 0.2% in March, from an upwardly revised 2.6% in the previous month. source: Office for National Statistics
Construction Output in the United Kingdom averaged 2.14 percent from 1997 until 2023, reaching an all time high of 80.90 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 June of 2023.
Construction Output in the United Kingdom is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Construction Output is projected to trend around 0.50 percent in 2024 and 1.80 percent in 2025, according to our econometric models.