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.
This month’s update shows that construction output fell by 0.2% in August 2021, with the level of output now 1.5% below its pre-pandemic level in February 2020. New work remained flat this month at 0.0% while repair & maintenance fell marginally (-0.6%). Anecdotal evidence from businesses continues to suggest product shortages resulting from supply chain issues and price increases are the primary reasons for the decline.
Download the latest BEIS Monthly Construction Update here.