{"id":91802,"date":"2021-04-13T09:55:30","date_gmt":"2021-04-13T08:55:30","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=91802"},"modified":"2021-04-13T09:55:30","modified_gmt":"2021-04-13T08:55:30","slug":"construction-output-grows","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-output-grows\/91802\/","title":{"rendered":"Construction output grows by 1.6% in February"},"content":{"rendered":"

Construction output grew by 1.6% in February 2021, largely thanks to a 1.5% increase in new work and 1.9% increase in repair and maintenance, as the industry maintains its recovery<\/h2>\n

The level of construction output in February 2021 was 4.3% below the February 2020 level, while new work was 7.8% below the February 2020 level, according to the latest ONS figures.<\/p>\n

The monthly increase in new work (1.5%) in February 2021 was because of growth in all new work sectors<\/a> apart from infrastructure, which fell by 3.4% \u2013\u00a0the largest contributor to this growth was private commercial new work, which grew by 4.0%.<\/p>\n

The monthly increase in repair and maintenance (1.9%) in February 2021 was due to growth in private and non-housing repair and maintenance, which grew by 4.7% and 2.6% respectively, offsetting the 8.6% fall in public housing repair and maintenance.<\/p>\n

Construction output fell by 1.0% in the three months to February 2021 compared with the previous three-month period<\/a>, because of a 1.6% fall in new work and 0.1% fall in repair and maintenance.<\/p>\n

\"\"<\/p>\n

Following revisions in this release, 2020 annual construction growth has been revised down 1.5% to an annual decline of 14.0% \u2013 this is now the largest decline in annual growth since annual records began in 1997.<\/p>\n

New work and repair and maintenance both contributed to the increase in the level of all work in February 2021 though only repair and maintenance has recovered above its pre-pandemic level<\/a>.<\/p>\n

Construction output grew by 1.6% (\u00a3213m) in February 2021 compared with January 2021 because of monthly growth in all sectors, except infrastructure and public housing repair and maintenance.<\/p>\n

Despite the 3.4% monthly fall in infrastructure output<\/a> in February 2021 it remains the only new work sector above its pre-pandemic level.<\/p>\n

Repair and maintenance output grew by 1.9% (\u00a391m) in February 2021 thanks to increases in both private and non-housing repair and maintenance, which grew 4.7% (\u00a383m) and 2.6% (\u00a364m) respectively.<\/p>\n

Public housing was the only repair and maintenance sector in February 2021 to be below its February 2020 pre-pandemic level.<\/p>\n

‘A roadmap out of the crisis’<\/h3>\n

Fraser Johns, finance director at Beard<\/a>, said: \u201cThere is a lot of optimism around this week, and rightly so with the reopening of our retail sector and a successful vaccine rollout.<\/p>\n

\u201cThe highest level of growth month-on-month since September at 1.6% certainly provides hope that we are heading in the right direction in terms of a roadmap out of the crisis. And compared to the rate of growth of the economy overall at 0.4%, the construction sector has performed well.<\/p>\n

\u201cHowever, in the three months to February output actually fell by 1% and the month was 4.3% down on the same point last year.<\/p>\n

\u201cWe also had the warning from the Construction Leadership Council<\/a> last week that shortages of building products and materials are set to get worse before they get better.\u201d<\/p>\n

Clive Docwra, managing director of property and construction consultancy\u00a0McBains<\/a>, added: \u201cToday\u2019s figures are another sign that construction industry is maintaining its recovery following the downturn over the last year.<\/p>\n

\u201cConfidence is still fragile in some work sectors, but there\u2019s a definite feeling of the glass being half full, rather than half empty.<\/p>\n

\u201cEspecially cheering is the growth in private commercial new work, which grew by 4%,\u00a0suggesting that order books are beginning to be filled on a more regular basis.<\/p>\n

\u201cProjects in many sectors have been paused while lockdown measures have been in place, but the lifting this week of restrictions in retail, hospitality and leisure will hopefully also kick-start investment in construction within these industries.\u201d<\/p>\n

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

Construction output grew by 1.6% in February 2021, largely thanks to a 1.5% increase in new work and 1.9% increase in repair and maintenance, as the industry maintains its 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