United Kingdom Construction Output m/m

Country:
United Kingdom
GBP, Pound sterling
Sector:
Business
Low -0.4% -0.6%
0.5%
Last release Importance Actual Forecast
Previous
0.0%
-0.4%
Next release Actual Forecast
Previous
  • Overview
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  • History
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U.K. Construction Output m/m reflects the change in the country's construction activity in the given month compared to the previous month. The indicator is calculated as the amount chargeable to customers for construction and engineering work over the relevant period excluding VAT and subconstruction payments. This amount also includes the cost of works performed on businesses' own initiative (for example, buildings for eventual lease or sale).

The calculation is based on a monthly survey of more than 8,000 construction companies employing over 100 people or with an annual turnover of more than £60 million. The companies represent 24 construction industries, including construction of domestic and commercial buildings, of roads and motorways, bridges and tunnels, utility projects for fluids, projects for electricity and telecommunications, drilling, site preparation and other civil engineering projects. Company statistics weights are taken into account in the indicator calculation.

The monthly estimate is adjusted for seasonal variations, because construction depends highly on holidays and weekends, as well as weather and season conditions. Seasonal adjustment parameters applied to the indicator calculation are revised annually.

The contribution of construction companies to national GDP is about 5.9%. Therefore, the indicator is closely monitored by analysts and economists. It is considered a leading indicator of the economic health. Construction growth is also a leading indicator of activity in the real estate market and mortgage lending. Thus, the indicator growth is a favorable factor for the pound sterling.

Last values:

actual data

forecast

The chart of the entire available history of the "United Kingdom Construction Output m/m" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jul 2024
-0.4%
-0.6%
0.5%
Jun 2024
0.5%
-0.2%
1.7%
May 2024
1.9%
-1.1%
Apr 2024
-1.4%
-0.4%
Mar 2024
-0.4%
-1.9%
Feb 2024
-1.9%
-0.2%
1.1%
Jan 2024
1.1%
0.1%
-0.5%
Dec 2023
-0.5%
0.0%
-0.7%
Nov 2023
-0.2%
-0.2%
-0.4%
Oct 2023
-0.5%
0.0%
0.4%
Sep 2023
0.4%
0.0%
-0.8%
Aug 2023
-0.5%
0.0%
-0.9%
Jul 2023
-0.5%
0.0%
1.6%
Jun 2023
1.6%
0.0%
-0.3%
May 2023
-0.2%
0.0%
-0.9%
Apr 2023
-0.6%
0.0%
0.2%
Mar 2023
0.2%
0.0%
2.6%
Feb 2023
2.4%
0.0%
-1.7%
Jan 2023
-1.7%
0.0%
0.0%
Dec 2022
0.0%
0.0%
-0.5%
Nov 2022
0.0%
-0.1%
0.9%
Oct 2022
0.8%
-0.1%
0.4%
Sep 2022
0.4%
0.0%
0.6%
Aug 2022
0.4%
0.1%
0.1%
Jul 2022
-0.8%
0.4%
-1.4%
Jun 2022
-1.4%
0.6%
1.8%
May 2022
1.5%
0.1%
0.3%
Apr 2022
-0.4%
-0.2%
1.7%
Mar 2022
1.7%
-0.7%
0.2%
Feb 2022
-0.5%
-0.5%
1.6%
Jan 2022
1.1%
-0.5%
2.0%
Dec 2021
2.0%
-0.4%
1.9%
Nov 2021
3.5%
0.5%
-1.7%
Oct 2021
-1.8%
1.9%
1.3%
Sep 2021
1.3%
-0.1%
-0.7%
Aug 2021
-0.2%
-0.9%
-1.0%
Jul 2021
-1.6%
-1.9%
-1.3%
Jun 2021
-1.3%
-2.1%
-0.7%
May 2021
-0.8%
0.1%
-0.7%
Apr 2021
-2.0%
0.8%
5.8%
Mar 2021
5.8%
1.1%
2.3%
Feb 2021
1.6%
1.8%
0.0%
Jan 2021
0.9%
-0.1%
-2.9%
Dec 2020
-2.9%
-1.4%
1.7%
Nov 2020
1.9%
-3.6%
1.5%
Oct 2020
1.0%
-4.6%
2.9%
Sep 2020
2.9%
5.5%
3.8%
Aug 2020
3.0%
14.1%
17.2%
Jul 2020
17.6%
20.0%
23.5%
Jun 2020
23.5%
5.2%
7.6%

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