Construction Output Decreased by 0.2% in October 2018 Compared with September 2018

Driven by declines in infrastructure and public new housing

Construction Output Decreased by 0.2% in October 2018 Compared with September 2018

The ONS has released the latest statistics for UK construction industry output:  the data covers August to October 2018.   The key points are .....

  • Construction output decreased by 0.2% in October 2018 compared with strong growth of 1.7% in September 2018.

  • The decrease in October 2018 was driven by declines in infrastructure (down 3.7%), public new housing (down 8.1%) and total repair and maintenance (down 0.8%); the largest contributor offsetting these decreases was private new housing, which grew by 2.4%.

  • Despite the slight month-on-month decline, construction output in the three months up to October 2018 was 1.2% higher than the previous three-month period; this growth was slower than in recent months, with a steady decline being seen from a 2018 high of 3.0% growth for the equivalent series in July 2018.

  • A historic high level of £9,221 million in the new work chained volume measure seasonally adjusted series was reached in October 2018; this represents the highest value seen since monthly records began in January 2010.

  • New orders grew by 3.4% quarter-on quarter in July to September 2018, with a strong increase in public other new work of 31.9% helping offset a 5.3% decline in housing new orders; despite this increase, levels remain below those typically seen over the last five years of new orders data.

For further details click here

The Construct UK Sales & Marketing Directory hosts more than 75 articles, 1,000 construction events and over 30 databases for download.   The annual £145 (+VAT) subscription fee provides unlimited access to all resources.

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

x

Subscribe to our mailing list

Stay informed on the latest construction sales and marketing news, events, activities and opportunities by subscribing to our free bulletin