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Onwards and Upwards in Construction

Builder climbing ladder with spirit level in the foreground.
14 Jan, 2020

UK Construction Increases In November

Summary

November 2019 construction increased by 1.9%. This welcomes relief from the 2.2% fall in October! Brexit and political uncertainty running up to the general election had a clear impact on private residential new work, falling 6.1% compared with 2018.

The UK construction sector enjoyed the largest monthly growth in November since January 2019.

According to recent Office for National Statistics (ONS) data, the 1.9% increase in construction activity in November was the single largest increase since the 2.4% increase in January 2019.

The data will also be a welcome relief, going some way to recover from the 2.2% fall in October 2019.

November’s growth was made up from a 2.4% rise in new work.

Three month on three month construction growth increased by 1.1% overall.

In September to November, new work rose by 1.6%, with infrastructure and private commercial new work increasing by 3% and 1.8% respectively.

However, Brexit and political uncertainty in the quarter running up to the general election had a clear impact on private residential new work, falling 6.1% when compared with November 2018 and dipping by 1.9% in the three months to November when compared with July-September’s new work.

Despite the fall in construction new work in October, November’s private housing new work continued to fall by an additional 2.6% when compared with October’s data.

Reference Source: https://www.todaysconveyancer.co.uk/main-news/uk-construction-increases-november/

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