Construction output slowed in August

Statistical bulletin released last week by the Office for National Statistics (ONS) showed that construction output decreased by 1.5% in August, this is the second release of construction output covering data post-EU referendum.

Following a revised increase in July 2016 of 0.5%, construction output decreased in August 2016 by 1.5%. They state you should note that they always warn against overly interpreting one month’s figures.

All new work, and repair and maintenance reported decreases, falling by 1.4% and 1.5% respectively, with the largest downwards contribution in all new work coming from infrastructure.

The underlying pattern as suggested by the 3 month on 3 month movement in output in the construction industry decreased by 1.3%.

The longer-term picture as suggested by the year-on-year movement shows output in the construction industry increased by 0.2% compared with August 2015 with all new work increasing by 1.1%, however, repair and maintenance decreased by 1.3%.

Read the ONS Construction output report in Great Britain – August 2016 in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Rightmove logo
Breaking News

London’s most in-demand areas lie outside the banana zone

As the viral ‘London banana’ map continues to stir debate over the capital’s most desirable areas, new data from Rightmove reveals the top ten most in-demand London hotspots. The banana may be appealing but the real action is happening outside the peel, with eight out of ten hotspots falling outside the banana zone – a…
Read More
Breaking News

London property no longer a safe bet as real-terms prices slide

Inner London stagnates: Wandsworth, Lambeth, Tower Hamlets, Kensington and Chelsea, and Westminster saw annual growth of less than 0.5% between 2016 and 2024, new Rathbones research reveals. Southwark in freefall: Average house prices fell by 2% over the past eight years. Outer London underperforms: Even Bexley, the best-performing borough, only saw 2.8% annual growth –…
Read More
Breaking News

Low deposit mortgage choice boosted to 17-year high

Moneyfacts UK Mortgage Trends Treasury Report data reveals the combined choice of higher loan-to-value mortgages (90% and 95% LTV) rose to its highest count in 17 years. These deals combined represent 19% of the residential mortgage market overall, where choice is at an 18-year high. Month-on-month the overall average two- and five-year fixed mortgage rates…
Read More
Breaking News

Property market beset by delays as conveyancer queries vary by an ‘alarming’ 8,176%

The scale of inefficiency in the property market was laid bare today by new analysis that reveals some conveyancers receive 83 times as many Land Registry queries as others. The number of requests sent to conveyancers to progress cases varied by an “alarming” 8,176%, ranging from 2.9 per 100 applications to 237, new analysis of…
Read More
Breaking News

Breaking Property News 8/09/25

Daily bite-sized proptech and property news in partnership with Proptech-X. MetaWealth and One United Partners launch €18 million tokenized real estate bonds opportunity in Bucharest Press Release London, UK & Bucharest, Romania Sept 2025  MetaWealth, a tokenised real estate investment platform, today launched a €17.9 million bonds basket targeting 19% annual returns, as part of its…
Read More
Estate Agent Talk

Hodge adds 95% LTV to Resi and Resi Retire propositions to support borrowers with complex income

New 95% loan-to-value (LTV) mortgage options have been added to Hodge’s Resi and Resi Retire propositions, giving customers from age 21 with varied income types greater access to the property market. These latest enhancements align with Hodge’s wider shift towards “lifelong lending”, bringing together core residential and retirement propositions, where lending is based on a…
Read More