The latest Monthly Construction Update from the Department for Business, Energy & Industrial Strategy (BEIS), which uses the Builders Merchant Building Index (BMBI) as one of its sources, is now available.
The latest update shows that monthly construction output decreased by 0.1% in volume terms in February 2022, which was the first monthly decrease since October 2021; this follows an upwardly revised 1.6% increase in January 2022.
The decrease in monthly construction output in February 2022 came from a decrease in repair and maintenance (0.5%) as new work saw a slight increase of 0.1% on the month.
The level of construction output in February 2022 was 1.1% (£155 million) above the February 2020 pre-coronavirus (COVID-19) level; new work was 3.7% (£354 million) below, while repair and maintenance work was 10.2% (£509 million) above.
Despite the monthly decrease, construction output rose 2.4% in the three months to February 2022; this is the strongest growth in the three-month-on-three-month series since June 2021 (4.0%), with similar increases seen in both new work, and repair and maintenance (2.2% and 2.6% respectively).
Download the latest BEIS Monthly Construction Update here.