Construction Output Grew by 0.6% in November 2018 Compared with October 2018
Leading to the total value of construction output in Great Britain exceeding £14 billion
The ONS has released the latest statistics for UK construction industry output: the data covers September to November 2018. The key points are .....
The three-month on three-month series for all work was up 2.1% for November 2018; this was driven by all new work, which increased by 3.4%, but was offset slightly by a decline in all repair and maintenance, which fell by 0.4%.
The increase in the all new work three-month on three-month series was driven primarily by private new housing and infrastructure which increased by 4.9% and 6.5% respectively.
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Construction output recorded an all-time level high in November 2018 in the chained volume measure seasonally adjusted series; the month-on-month series grew by 0.6%, resulting in the total value of construction output exceeding £14 billion for the first time since monthly records began in 2010.
This was driven primarily by strong growth in private new housing, private commercial new work, and public housing repair and maintenance, which increased by 3.1%, 2.3%, and 5.8% respectively.
The main factors acting to depress growth were a steep decline in public other new work, down 5.8%, as well as a drop in infrastructure, which decreased by 2.5%.
Estimates in this release are consistent with the GDP quarterly national accounts, UK: July to September 2018 publication released on 21 December 2018.
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