{"id":102716,"date":"2021-12-10T12:59:53","date_gmt":"2021-12-10T12:59:53","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=102716"},"modified":"2021-12-10T12:59:53","modified_gmt":"2021-12-10T12:59:53","slug":"october-construction-output","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/october-construction-output\/102716\/","title":{"rendered":"October construction output reaches largest monthly decline"},"content":{"rendered":"

Construction output fell 1.8% in October 2021, reaching the largest monthly decline since April 2020 as supply chain issues continue, reports ONS<\/a><\/h2>\n

In October, new work fell 2.8% from the previous month<\/a>, whilst repair and maintenance figures remain unchanged.<\/p>\n

As shown in recent months, anecdotal evidence in October 2021 from businesses continues to suggest that product shortages caused by supply chain issues<\/a> have led to subsequent price rises in raw materials such as steel, concrete, timber<\/a>, and glass.<\/p>\n

Infrastructure and new housing contribute to decline<\/h3>\n

At the sector level, the main contributors to the decline in monthly output in October 2021 were infrastructure and private new housing, which decreased 7.1% and 4.4% respectively.<\/p>\n

These decreases were partially offset by increases in private industrial and public other new work of 8.8% and 7.0% respectively.<\/p>\n

The level of construction output in October 2021 was 2.8%, coming to \u00a3400m below the February 2020, pre-pandemic level.<\/p>\n

New work was 6.2% (\u00a3592m) below the February 2020 level, while repair and maintenance work was 3.9% (\u00a3193m) above Covid-19 levels.<\/p>\n

The extent of recovery to date, since the falls at the start of the coronavirus pandemic, has been mixed at a sector level, illustrated with infrastructure performing strongly above (36.7%).<\/p>\n

However, private commercial was still some way below (26.9%) its February 2020 level in October 2021.<\/p>\n

In line with the monthly fall, construction output fell by 1.2% in the three months to October 2021.<\/p>\n

This was due to a 1.5% fall in repair and maintenance and a fall of 1.0% in new work, with new housing (both public and private), public other new work, and private commercial new work all falling.<\/p>\n

\u2018Industry continues to face a number of challenges\u2019<\/h3>\n

Mark Markey, managing director of the Akela Group<\/a> commented: \u201cIt\u2019s disappointing to see construction output fall again this month as the industry continues to face a number of challenges, including the high cost of materials, supply chain issues, and the chronic shortage of skills<\/a>.<\/p>\n

\u201cRecruiting young talent and upskilling the existing workforce with essential green skills will undoubtedly play a key role in ensuring a bright future for the sector.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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