Monthly Construction Update for January
- Construction output is projected to have declined by 0.9% in the three months leading up to January 2024, primarily due to a drop in new work by 4.5%, while repair and maintenance saw an increase of 4.0%.
- The decline in the three-month period was driven by reductions in infrastructure new work and private housing new work, which decreased by 9.3% and 5.2% respectively. Conversely, non-housing repair and maintenance, and private housing repair and maintenance saw positive growth of 3.2% and 3.3%.
- January 2024 witnessed a 1.1% rise in monthly construction output in volume terms, following three consecutive monthly declines, with a recorded value of £15,422 million for January 2024.
- The monthly output increase stemmed from growth in both new work (1.1%) and repair and maintenance (1.2%).
- Across sectors, six out of nine sectors experienced an upturn in January 2024. The primary contributors to this monthly rise were private new housing and non-housing repair and maintenance, showing increases of 2.6% and 1.9% respectively.
Read the full report here.
Download the ONS Construction update here.