Output in the Construction Industry Falls by 1.3% in First Year-on-Year Fall Since May 2013
The latest report from ONS estimated that output in the Construction Industry during August had decreased by 4.3% in comparison with the previous month.
For the first time since May 2013 we saw a year-on-year fall in output at 1.3%.
The decreases in output have come from all work types with a 3.6% decrease in new work and a 5.6% decrease in repair and maintenance work.
In a comparison between the first and second quarters of 2015, it was reported that construction output had fell by 0.8%, with a decrease in R&M of 3.6% whilst an increase of 0.7% in new work was reported.
When comparing the second quarter of 2015 with the second quarter of 2014, construction output was estimated to have increased by 2.8%. All new work increased by 5.6% whilst R&M decreased by 4.6%.
An overview of how the Output within the Construction Industry has changed over the past 5 years can be found below.
Figure 1; All work – monthly time series chained volume measures, seasonally adjusted (SA) index (2012=100)