The main points:
-
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.
For further details, click here.
The Construct UK Sales & Marketing Directory hosts over 75 articles, 1,000 construction events and 30 different databases for download. The annual £195 (+VAT) subscription fee provides unlimited access to all resources on the site.
Keep up to date with the latest construction marketing news by registering for our regular free construction sales and marketing e-bulletin here.
Follow us on Twitter
