Construction provides essential boost to economy

Latest News Fri, Nov 12, 2021 7:42 AM

The Office for National Statistics (ONS) latest figures for UK construction showed a monthly output growth of 1.3 per cent in September 2021.

Both new work and repair and maintenance created a surge of activity for September (increasing by 1.3 per cent and 1.2 per cent respectively).

The boost in new work is primarily due to non-housing repair and maintenance, public other new work, infrastructure new work and private housing new work. Like recent months, infrastructure continues to be the only new work sector where the level of output was above the February 2020 level.

CIOB expects this trend to continue while business confidence remains low.

It was predicted at Autumn Budget that we would see a strong return in GDP towards the end of 2021. Figures by the ONS demonstrate that the UK economy grew stronger in September than initially projected. This is due to a growth from both the service industries and the construction industry.

Hew Edgar, Associate Director of Policy at CIOB, said: “We are pleased to see that the month of September has seen the construction industry gain some momentum against the backdrop of a difficult quarter for many, which is also reflected in today’s GDP figures.

“The materials and labour shortages are leading to rising costs and continue to be a burden for many construction firms, but this is not the time for the industry to cut corners - far from it.

“CIOB is clear that quality must remain at the heart of the industry and at the top of the Government agenda if we want to emerge from this pandemic with a healthy built environment.”

Featured News

Specification news
BRE establishes industry network with the aim of making...

BRE has announced the creation of the PV Fire Intelligence Network (PV-FIN) – a...

Read More >>

Specification news
Double Award Win Celebrates excellence in UK structural...

Delta Membrane Systems Limited was honoured with the 'Sustainability' and 'The All...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

ACO Blue Roof Guide – Vol 2 Brochure

ACO Blue Roof Guide...
By ACO Building Drainag...

Download Now >>

Stannah Commercial Brochure Brochure

Stannah Commercial B...
By Stannah Group

Download Now >>

Stannah Midilift CLS Brochure

Stannah Midilift CLS
By Stannah Group

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

SignetFire
SignetFire

Why SignetFire?Are you looking for replacement fire doorsets for your latest project?We’re...

Read More >>

Roofing Collections
Roofing Collections

Our carefully curated range of handmade roofing tiles and slates is specifically designed to...

Read More >>

Special Brick Collections
Special Brick Collections

Special-shaped bricks are specifically designed to feature a variety of shapes and dimensions that...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

Reclaimed Brick Company Leah's Yard Square Sheffield
Reclaimed Brick Company Leah's Yard Square Sheffield

Reclaimed Brick Company is part of Leah's Yard Square in Sheffield, a historic site revitalised for...

Watch Now >>

Day in the life of a Reclamation Yard
Day in the life of a Reclamation Yard

A typical day at a reclamation yard is filled with activity and discovery. Early mornings often...

Watch Now >>

Reclaimed Brick Display at Reclamation Yard
Reclaimed Brick Display at Reclamation Yard

Reclaimed Brick Display at Reclamation Yard

Watch Now >>