{"id":134577,"date":"2023-11-10T11:28:45","date_gmt":"2023-11-10T11:28:45","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=134577"},"modified":"2023-11-10T11:28:45","modified_gmt":"2023-11-10T11:28:45","slug":"ons-reveals-construction-output-rose-in-september","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/ons-reveals-construction-output-rose-in-september\/134577\/","title":{"rendered":"ONS reveals construction output rose in September"},"content":{"rendered":"

Construction output in Great Britain has shown modest growth in September despite economic challenges<\/h2>\n

The volume of construction output<\/a> in September 2023 showed a modest 0.4% increase in September 2023. This growth was caused primarily by a surge in repair and maintenance (up by 2.1%), while new work experienced a slight decline (a 0.8% fall).<\/p>\n

Three of the nine main construction sectors experienced growth, notably private housing repair and maintenance, which rose by 3.0%. Quarterly construction output increased by 0.1% in Quarter 3 (July to Sept) 2023 compared to the previous quarter. The increase was driven by repair and maintenance (0.7%), while new work decreased by 0.3%.<\/p>\n

Total construction new orders rose by 3.9% (\u00a3393m) in Quarter 3 2023 compared to the previous quarter. The upturn was primarily due to increases in public other new orders and infrastructure new orders, which increased by 23.7% (\u00a3265m) and 14.3% (\u00a3204m), respectively.<\/p>\n

The annual rate of construction output price growth was 3.9% from 12 months to September 2023, which marks a slowdown from the record annual price growth in May 2022 (10.4%).<\/p>\n

Anecdotal evidence suggests that above-average temperatures might have positively impacted output, corroborated by the Met Office confirming September 2023<\/a> as one of England and Wales’s hottest on record.<\/p>\n

\u201cNews this morning of a 0.4% uplift in volume in September shows just how unpredictable and volatile the sector is in the current climate<\/a>. Although the month saw a fall in new work when viewed in the context of the quarter, there was a 3.9% rise compared to Q2 2023,\u201d said Fraser Johns, finance director at Beard, commenting on the latest ONS figures<\/a>.<\/p>\n

\u201cNews of an increase in new housing orders will certainly be encouraging for those contractors reliant on the housing market, although the sector still faces real challenges in a sustained higher interest environment,\u201d he concluded.<\/p>\n

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

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