The latest Monthly Construction Update from the Department for Business, Energy & Industrial Strategy (BEIS), which uses the Builders Merchant Building Index (BMBI) as one its sources, is now available.
This month’s construction update confirms construction output fell by 2.9% in December 2020 compared to the previous month. This is the first decline in monthly growth since April 2020, however, output was up by 4.6% in Quarter 4 of 2020 compared with the previous three-month period.
As well as the BMBI figures, the update includes construction output figures from The Office of National Statistics, as well as an assessment of the impact of Covid-19 and their ‘Business insights and impact on the UK economy publication, which is based on responses from the voluntary fortnightly business survey (BICS), and construction sector forecasts by Experian.
The February update also includes statistics on the furlough scheme from HMRC, as well as highlights from the latest Monthly Statistics of Building Materials and Components report.
To download the latest BEIS Monthly Construction Update click here