Economic digest

Clay Technology magazine
18 Aug 2017

The latest release from the Office for National Statistics (ONS) shows that UK construction output fell in May 2017 by 1.2%, in both the month-on-month and quarter series. This is the largest three-month-on-three-month decline in output since September 2012, driven by falls in both repair and maintenance, and all new work.

Construction output also fell month-on-year, falling by 0.3% in May 2017, the first consecutive month-on-year decrease in output since May 2013. However, in slightly less negative terms, construction output for April 2017 has been revised up 0.5% from negative 1.6% to negative 1.1%.

ONS senior statistician Kate Davies noted that the fall came following several years of growth.

The only sector to provide upward pressure on construction output was public housing. The 6.1% increase seen here in May 2017 equates to an increase of £24 million in real volume terms.