Weekly Economic and Construction Update – 08 January 2024
Date Published
8 January 2024
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TDUK
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Summary
ONS Construction Output (October 2023): Construction output in October 2023 was 0.5% lower than in September and still 1.1% higher than a year earlier and 5.2% higher than in January 2020, pre-pandemic according to the Office for National Statistics (ONS) but the CPA continues to highlight the persistent overestimation issues in the ONS construction output volume data since Spring 2022.
The concerns affect output in most construction sectors but, in particular, appear to affect the housing and repair and maintenance sectors.
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