Construction activity is back on the rise after a stutter in output growth at the end of last year.
Construction back on the rise after December dip
New work in the Construction industry increased by 1.7% in January driven by the private commercial and infrastructure sectors, which grew by 4.5% and 3.1% respectively, according to fresh data from the Office of National Statistics.
A trend that some Contracting specialists are certainly recognising, with the like of the Mick George Group reporting significant demand right across the business for its varied provisions.
Construction is the only sector of the economy still growing according to the new economic data. The industry still has some ground to cover to return to pre-Covid new work levels, which are 6.4% down on the benchmark February 2020 level, although the infrastructure sector passed this point last August.
The construction industry continues to cement its position at the forefront of the UK’s economic recovery, with the latest output figures hopefully confirming the dips seen in previous months were a temporary setback.
With the Chancellor’s Budget having set the agenda – including a sustained commitment to infrastructure investment – the public sector and construction industry must work together to maximise these opportunities as COVID restrictions begin to relax.