December Construction Update from the Department for Business & Trade
The Office for National Statistics published estimates of Construction Output for October 2024 this morning.
Main points:
• Monthly construction output is estimated to have fallen by 0.4% in volume terms in October 2024; this follows an increase of 0.1% in September 2024.
• The decrease in monthly output came solely from a fall in repair and maintenance (1.3%) as new work grew by 0.2%.
• At the sector level, four out of the nine sectors fell in October 2024; the main contributor to the monthly decrease was private housing repair and maintenance, which fell by 3.8%.
• Construction output is estimated to have increased by 0.4% in the three months to October 2024; this came solely from an increase in new work (1.7%), as repair and maintenance fell by 1.2%.
Download the latest Monthly Construction update for the Department for Business & Trade here.