Weekly Economic and Construction Update – 14 July 2023

Weekly Economic and Construction Update – 14 July 2023

Date Published

14 July 2023

Document Type

Category

Author

TDUK

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Summary

According to the latest ONS data, construction output volume in May 2023 was 0.2% lower than in April and it was a third consecutive monthly fall (although note that May had an additional Bank Holiday that meant there was 1 less working day) but construction output in May 2023 remained 0.2% higher than a year ago and was 4.9% higher than in January 2020, pre-pandemic, Clearly, however, this masks stark differences between how the different construction sectors are currently doing.