THE Office for National Statistics today published November 2018’s figures showing that total construction output in the month recorded an all-time high. The month-on-month data for November grew by 0.6% resulting in the total value of construction output exceeding £14 billion for the first time. The new high of £14.042 billion represents a 28.7% growth over the last five years.
The record-breaking growth 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.
Comparing three months
Comparing data for September, October and November 2019 with those months in the previous year, all work was up 2.1% for November 2018. This was mostly 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 figures was driven primarily by private new housing and infrastructure which increased by 4.9% and 6.5% 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%.