Construction output slowed in August

October 17, 2016

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

Home and Living

Navigating a Move with Your Baby: 7 Sanity-Saving Tips

Moving to a new home can be exciting and stressful, and adding a baby to the mix becomes a whole new adventure. Babies require extra attention and care during a move, but with some thoughtful planning and a few sanity-saving tips, you can make the transition smoother for you and your little one. In this…
Read More →
Home and Living

Creating Privacy with Window Treatments: A Comprehensive Guide

When it comes to keeping your home a private sanctuary, you need the right window treatments. Whether you want complete blackout, light diffusing options, or sheer privacy curtains to let in sunlight while maintaining discretion from outsiders – there are plenty of creative ways to customize your windows for maximum personal security and protection. In…
Read More →
Home and Living

Glass Shower Doors Styles: Finding the Ideal Fit for Your Bathroom

Are you ready to update your bathroom and give it a luxurious, sophisticated feel? Installing glass shower doors is the perfect way to brighten up any bathroom and add a stylish touch. There are a wide variety of styles available that can fit into any space or design theme. But which type of glass shower…
Read More →
Home and Living

What’s the Best Time of Year to Have New Insulation Installed?

Do you think the winter may be an ideal time to schedule some home improvements, such as new insulation? While many of us take on renovations and repairs during this chilly season, it’s important to consider the advantages and drawbacks of having your insulation installed in each season before making a commitment. For those who…
Read More →
Estate Agent Talk

The Ultimate Guide to a Successful Loft Conversion in London

Welcome to the exciting world of loft conversions in London! If you’re looking to add space, value, and style to your London home, a loft conversion might just be the perfect solution. In this comprehensive guide, we’ll navigate through the essential steps, considerations, and insider tips specific to London loft conversions to transform your attic…
Read More →
Breaking News

Breaking Property News – 30/11/2023

Daily bite-sized proptech and property news in partnership with Proptech-X.   iamproperty announces appointment of Mark Lewis as New Group Chair Press Release London 29th November 2023: iamproperty is pleased to welcome Mark Lewis as Group Chair. The appointment comes at a key time for the business, with work well underway to deliver its vision of an integrated ecosystem…
Read More →