March Construction Update from the Department for Business & Trade

The Office for National Statistics published estimates of construction output for January 2024 this morning.

• Construction output is estimated to have decreased 0.9% in the three months to January 2024; this came solely from a decrease in new work (4.5% fall), as repair and maintenance increased by 4.0%.
• The decrease over the three months came from infrastructure new work and private housing new work, which fell 9.3% and 5.2%, respectively; with the main positive contributions coming from non-housing repair and maintenance, and private housing repair and maintenance, which increased 3.2% and 3.3%, respectively.
• Monthly construction output is estimated to have increased 1.1% in volume terms in January 2024; this follows three consecutive monthly falls, with the monthly value in levels terms at £15,422 million in January 2024.
• The increase in monthly output came from increases in both new work (1.1%) and repair and maintenance (1.2%).
• At the sector level, six out of the nine sectors saw a rise in January 2024; the main contributors to the monthly increase were private new housing, and non-housing repair and maintenance, which increased 2.6% and 1.9%, respectively.

Download the latest Monthly Construction update for the Department for Business & Trade here.