Construction Update

Value of construction starts edges higher in the three months to May 2022
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Value of construction starts edges higher in the three months to May 2022

Data shows the value of construction starts edged marginally higher in the three months to May 2022 compared to the previous rolling quarter (to April 2022). The underlying value of project starts rose by 1.2% in May compared to the previous three-month period, from £5.04bn to £5.1bn.

Data reveals record high construction output volumes in Q1 2022
2205 Construction Update 18th May Web Banner

Data reveals record high construction output volumes in Q1 2022

New ONS data revealed record-high construction output volumes in Q1 2022, which rose by 3.8% on the previous quarter. Repair & Maintenance work was the key driver of output growth, helped by storms in February and the return of office working which has increased demand for refurbishments.

Urie Michael Gtmi

By Michael Urie