Construction output falls for fifth month

Supply chain issues saw construction output fall in August, according to the latest figures from ONS, the fifth month in a row that this has happened.  New work levels are now 3.7% below where they were in February 2020, just before the pandemic effects took hold.

Although a small fall, the 0.2% drop in August was down to a slowing up of work in the refurbishment and maintenance sector with new work remaining flat at the same level as July.

Government economists at the ONS said anecdotal evidence suggested supply chain issues were a key factor behind falling GDP.

Many firms said that order books were healthy but the availability of products was impacting on projects currently underway.

low res builders hat on site

 

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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