Construction Output is Estimated to Have Grown By 1.2% in 3 Months - From TTA

Construction Output is Estimated to Have Grown By 1.2% in 3 Months - From TTA

The Office for National Statistics published estimates of construction output for July 2024 on 11th September.

• Monthly construction output is estimated to have decreased 0.4% in volume terms in July 2024; this follows an increase of 0.5% in June 2024.
• The decrease in monthly output came from falls in both new work (0.2%) and repair and maintenance (0.7%).
• At the sector level, monthly output fell in five out of the nine sectors in July 2024, with the main contributors to the monthly decrease coming from private commercial new work and private housing repair and maintenance, which fell by 2.4% and 1.7%, respectively.
• Construction output is estimated to have grown by 1.2% in the three months to July 2024; this came from increases in both new work (1.6%), and repair and maintenance (0.8%); the increase in construction output in the three months to July 2024 came from increases in May 2024 (1.7%) and June 2024 (0.5%).

Read the full DBT report here.

Download the ONS Construction update here.

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[Dan]

Any growth is good. Should keep going for a bit if labour can get housebuilding off the ground.