April Construction Update from the Department for Business & Trad

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

• Monthly construction output is estimated to have decreased 1.9% in volume terms in February 2024; this follows a 1.1% increase in January 2024, with the monthly value in level terms at £15,229 million in February 2024.
• The decrease in monthly output came from decreases in both new work (2.3% fall), and repair and maintenance (1.4% fall); anecdotal evidence from survey returns suggested effects of heavy rainfall led to delays in planned work and decreasing output in February 2024.
• At the sector level, eight out of the nine sectors saw a fall in February 2024, with the main contributors to the monthly decrease seen in non-housing repair and maintenance, and private commercial new work, which decreased 2.5% and 4.0%, respectively; the only increase was private housing repair and maintenance, which grew 0.2%.
• Construction output is estimated to have decreased 1.0% in the three months to February 2024; this came solely from a decrease in new work (3.0% fall), as repair and maintenance increased by 1.6%.

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