UK construction output downfall continues, dropping by 20%, year on year

Posted on February 16, 2022   |  

  • The value of work starting on-site during the 3 months to November dropped 13% and it is 20% lower than the previous year.
  • The value of residential work on-site decreased by 34% compared to the same period in 2020, and 15% compared to the preceding three months to November.
  • Private housing construction starts fell by 21%, which is down 37% compared to 2020 levels although social housing starts grew by 1%, the value dropped more than a quarter (-26%) against the previous year. 
  • Industrial project starts increased by 11% which is the only sector to experience dual growth.
  • Scotland witnessed the worst three months to November, the value of project starts dropped by 58% compared to the previous year, and 48% compared with the preceding three months to November. 
  • Similarly, in Wales, the value of the projects dropped by 51% against 2020 figures which were also in the East of England (-25%), North West (-22%), South East (-24%), and West Midlands (-20%).



Help us by filling out this quick price survey

A PHP Error was encountered

Severity: Warning

Message: Trying to access array offset on value of type null

Filename: layouts/market_data_layout.php

Line Number: 124

Backtrace:

File: /var/www/html/application/views/layouts/market_data_layout.php
Line: 124
Function: _error_handler

File: /var/www/html/application/hooks/secDisplay.php
Line: 50
Function: view

File: /var/www/html/index.php
Line: 332
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: trim(): Passing null to parameter #1 ($string) of type string is deprecated

Filename: layouts/market_data_layout.php

Line Number: 124

Backtrace:

File: /var/www/html/application/views/layouts/market_data_layout.php
Line: 124
Function: trim

File: /var/www/html/application/hooks/secDisplay.php
Line: 50
Function: view

File: /var/www/html/index.php
Line: 332
Function: require_once

https://www.timber.exchange/global-timber-pricing-survey?u=c83c3e2fc2f958fbf3c02a6d4335e2cdc34a849f4c6405906626d90e991098a68aaf5b68c4ef5d99f780996a715340e42414dc55edbd754b73ceda5caa9264136BRFrv%2F2YmWbTTjk0dMqyQNwmoAmnf7mHqx4RhXPOsA%3D" class="survey-banner-link" id="bannerLink" target="_blank"> Take Survey