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HomeLatest NewsConstruction sees slight decrease in Q3 2023

Construction sees slight decrease in Q3 2023

Construction output saw a decrease of 0.6% in the three months to November 2023, per data from the ONS. According to the statistics organisation, this decrease came solely from a decrease in new work (3.6% fall), as repair and maintenance increased by 3.8%.

Monthly construction output is estimated to have decreased 0.2% in volume terms in November 2023; following an upwardly revised decrease of 0.4% in October 2023, with the monthly value in level terms in November 2023 at £15,571 million.

The decrease in monthly output came solely from a decrease in new work (2.0% fall), as repair and maintenance increased by (2.1%).

At the sector level, three out of the nine sectors saw a fall in November 2023, with the main contributors to the monthly decrease seen in private new housing and infrastructure new work, which decreased 3.9% and 2.0% respectively.

According to the ONS, anecdotal evidence suggested effects of adverse weather, including heavy rainfall and strong winds in November 2023, led to delays in planned work.

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