The Office for National Statistics released data on construction output, new orders, and output prices for May 2024.
- Estimated monthly construction output increased by 1.9% in volume in May 2024 following a 1.1% decline in April 2024 (revised from 1.4%).
- The rise in monthly output was driven by growth in new work (2.7%) and repair and maintenance (0.8%). Warmer weather was cited as a factor contributing to the increased output in May, with the Met Office confirming in their Monthly Climate Summary that May 2024 was the warmest on record.
- Eight out of nine sectors experienced growth in May 2024. The main contributors to the increase were a 2.8% rise in total new housing, infrastructure new work up by 3.5%, and non-housing repair and maintenance growing by 2.1%.
- Construction output is estimated to have decreased by 0.7% in the three months leading to May 2024, with new work falling by 0.9% and repair and maintenance by 0.3%.
For more detailed information, you can access the full report and the ONS Construction update.