Construction Output Begins To Rise After Dramatic Plunge

Construction output grew by 8.2% in May following the record decline of 40.2% in April 2020, according to the latest Office for National Statistics (ONS) report. Output fell by a record 29.8% in the three months to May 2020, compared with the previous three-month period. This was driven by record falls of 30.3% in new work and 28.9% in repair and maintenance. The decrease in new work (30.3%) in the three months to May was thanks to record falls in most of the new work sectors – private new housing and private commercial were the largest contributors, falling by 42.5% and 29.5% respectively. Read more on the pbcToday website.

https://www.pbctoday.co.uk/news/planning-construction-news/construction-output-may/79221/