Construction output bounces back in second quarter

Construction output in the United Kingdom grew 2.2 percent year-on-year in June 2018, compared to a downwardly revised 1.5 percent gain in May and beating market expectations of a 1.1 percent rise.

It was the strongest growth in construction activity since December, as output increased faster for all repair and maintenance (3.1 percent vs 3.0 percent in May), mainly due to a notable rise in non-housing repair and maintenance which grew 5.2 percent.

Also, all new work advanced (1.8 percent vs 0.7 percent), as infrastructure new work picked up (12.4 percent vs 3.1 percent), more than offsetting continued falls in public other new work and private commercial new work.

On a seasonally adjusted monthly basis, construction output went up 1.4 percent, after a 2.9 percent growth in May and against market expectations of a 0.2 percent drop. Considering the second quarter of 2018, construction activity advanced 0.8 percent compared to the same period of 2017.

Construction Output in the United Kingdom averaged 2.15 percent from 1997 until 2018, reaching an all time high of 24 percent in March of 2002 and a record low of -19.20 percent in January of 2010.

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