01291 437 054

ONS reports June drop in output as construction feels impact of record price rises

Record construction price inflation put an end to seven consecutive months of growth in the sector in June, with output dropping 1.4% according to the ONS.

The annual rate of all construction work price growth was 9.6% last month, a record high since the Construction Output Price Indices series began in January 2014.

The decline in monthly output was the first since October 2021 and came mainly from a drop in new work (2%) and a smaller fall in repair and maintenance (0.2%).

Read More