Weekly Economic and Construction Update – 16 June 2023

Weekly Economic and Construction Update – 16 June 2023

Date Published

16 June 2023

Document Type

Category

Author

TDUK

Member-Only Resource
Access is restricted to members (log-in here). Learn about joining or contact us for more info.

Summary

Construction output volume in April 2023 was 0.6% lower than in March, 3.6% higher than a year ago and 6.0% higher than in January 2020, pre-pandemic, according to the Office for National Statistics (ONS). Firms in the construction supply chain that the CPA has been dealing with in recent weeks stated that, overall, April was lower (and significantly lower than expected) whilst May had shown a pickup in activity despite the additional bank holidays and activity picked up in early June as well.