September Construction Update from BEIS
The Office for National Statistics published estimates of construction output for July 2022 this morning.
- Following the 1.4% decrease in June 2022, monthly construction output decreased 0.8% in volume terms in July 2022; this is the second consecutive decrease in monthly construction output after seven consecutive months of growth.
- The decrease in monthly construction output in July 2022 came solely from a decrease in repair and maintenance (2.6%) as new work saw a slight increase (0.3%) in the month.
- At the sector level, the main contributors to the decrease seen in July 2022 were public housing new work, and public and private housing repair and maintenance, which decreased 13.1%, 8.0% and 2.6%, respectively.
- The level of construction output in July 2022 was 2.1% (£300 million) above the February 2020 pre-coronavirus (COVID-19) pandemic level; new work was below at 1.9% (£181 million) its February 2020 level, while repair and maintenance work was 9.7% (£481 million) above the February 2020 level.
- Despite the monthly decrease, construction output increased 1.4% in the three months to July 2022; this came solely from an increase seen in new work (2.7%) as repair and maintenance saw a slight decrease (0.7%); this is the ninth consecutive period of growth in the three-month-on-three-month series, but the slowest rate of growth since the three months to December 2021 (1.0%).
Download the latest BEIS Monthly Construction Update here.