Economic digest

Clay Technology magazine
15 May 2017

A round-up of the latest figures affecting construction and related industries in the UK.

Figures released in April 2017 by the Office for National Statistics show that output in the construction industry grew by 1.5% for the fourth consecutive period. This was partially driven by an increase of 0.6% on a three-month-on-three-month basis in repair and maintenance. However, despite this growth, in comparison to January 2017 output fell 1.7% in February 2017. Infrastructure and new housing contributed to this decline, with the former decreasing by 7.3% and the latter decreasing, for the second consecutive month, by 2.6% in February 2017. 

Residential building saw a four-month high in April 2017 and civil engineering has grown at its fastest rate for 13 months according to the Markit/CIPS UK construction Purchasing Managers Index (PMI) for April.