Construction Output Dips in August
The construction sector has experienced a sluggish summer, with output dipping in August, according to the latest figures from the ONS.
The sector lagged behind the wider economy, which grew by 0.1% in August, as many builders struggled to move from preconstruction to live site starts amid ongoing investor caution.
- Output was still 0.3% higher across the three months to August, driven by private housing repair and maintenance — up 5.6%.
- Some economists have privately questioned the reliability of these figures, which have fluctuated sharply over the last few years.
“Today’s figures reflect the subdued economic picture in the industry at present, with output falling by 0.3% following no growth in July, and underperforming against the overall economy which grew by 0.1% in August.” - Clive Docwra, Managing Director of McBains
The construction sector is weighing down the economy, with investor caution delaying site starts.
Author's summary: Construction output dips in August due to investor caution.
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