{"id":93274,"date":"2021-05-12T09:20:29","date_gmt":"2021-05-12T08:20:29","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=93274"},"modified":"2021-05-12T09:21:27","modified_gmt":"2021-05-12T08:21:27","slug":"construction-output-up-5-8-in-march","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-output-up-5-8-in-march\/93274\/","title":{"rendered":"Construction output up 5.8% in March"},"content":{"rendered":"

Construction output increased by 5.8% in the three months leading to March 2021, the largest monthly growth since July 2020, according to the latest ONS<\/a> figures<\/h2>\n

The level of construction output in March 2021 was \u00a314,251m \u2013 the highest since September 2019 when it was \u00a314,381m.<\/p>\n

Infrastructure and private new housing<\/a> were the only new work sectors where the level of output in March 2021 was above the February 2020 level.<\/p>\n

Public housing was the only repair and maintenance sector in March 2021 below its February 2020 level of output<\/a>.<\/p>\n

Repair and maintenance work grew by 4.4% (\u00a3222m) in March 2021 because of increases in all repair and maintenance sectors \u2013 the largest contributor was a 7.7% (\u00a3144m) growth in private housing.<\/p>\n

New work grew by 2.8% (\u00a3705m) in Quarter 1 2021, largely because of infrastructure and private new housing, which grew by 4.3% (\u00a3242m) and 2.7% (\u00a3230m) respectively.<\/p>\n

Proof of the construction sector\u2019s continuing resurgence<\/h3>\n

Clive Docwra, managing director of property and construction consultancy\u00a0McBains<\/a>, said: \u201cWith order books steadily being filled as confidence returns and the industry recovers from the downturn over the previous year. \u00a0<\/em><\/p>\n

\u201c<\/em>March represents the largest monthly growth since July 2020 when output grew by 17.8%. Private new housing has been a key driver, and a landmark has been reached with output now above pre-pandemic levels<\/a>.<\/p>\n

\u201cOne slight reservation is that while new contracts continue to come in, construction firms are being squeezed by soaring prices of imported materials, notably concrete, steel and timber.<\/p>\n

\u201cWith margins already tight, the rising cost of raw materials threaten to negate any profit gains, so many construction firms remain on a knife-edge.<\/p>\n

\u201cThese increasing costs also serve as a warning sign of global inflationary pressures, which could derail any sustained longer term growth.\u201d<\/p>\n

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

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