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ONS: Construction Output Declined In October

Construction worker digger pexels-nicholas-lim-3792575

The ONS has published monthly construction data for the three months to October 2023.

  • Monthly Construction output saw a decrease of 0.3% in the three months to October 2023; this came solely from a decrease in new work (2.0% fall), as repair and maintenance increased by 2.2%.

  • Monthly construction output is estimated to have decreased 0.5% in volume terms in October 2023; this follows an increase of 0.4% in September 2023, with the monthly value in level terms in October 2023 at £15,485 million.

  • The decrease in monthly output came solely from a decrease in new work (1.7% fall), partially offset by an increase in repair and maintenance (1.3%) on the month.

  • At the sector level, three out of the nine sectors saw a fall in October 2023, with the main contributors to the monthly decrease seen in private new housing and private commercial new work, which decreased 5.2% and 1.2%, respectively.

  • Anecdotal evidence suggested that heavy rainfall and strong winds led to delays in planned work in October 2023; a high number of comments from businesses noted the negative effect of storms specifically.

Source : ONS

Image : / nicholas-lim (3792575)

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14 December 2023

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Martin Elliott. Chief Executive - Home Hardware.

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