12 February 2021
- Construction output fell by 2.9% in the month-on-month all work series in December 2020, because of falls in both new work (3.8%) and repair and maintenance (1.5%); this is the first decline in monthly growth since April 2020 when it fell by a record 40.7%.
- The December 2020 level of output is 3.5% below the pre-coronavirus February 2020 level.
- Quarterly construction output grew by 4.6% in Quarter 4 (Oct to Dec) 2020 compared with Quarter 3 (July to Sept) 2020, driven by quarterly growth in both new work (4.0%) and repair and maintenance (5.5%).
- All work fell by 12.5% in 2020 compared with 2019; this was the largest decline in annual growth since 2009 where output fell 13.2%.
#construction #economy #CLC #construction output #constructionleadershipcouncil
