Construction recovers to pre-pandemic level

Aaron Morby 3 years ago
Share

The construction recovery has got back on track returning to its pre-pandemic level after the record 41% cliff fall in March.

Construction activity recovers after 41% fall last March
Construction activity recovers after 41% fall last March

Latest construction output figures for November show the industry has pulled off a near V-shaped rebound led by infrastructure while commercial still lags.

New work activity in November jumped 3.5%, more than offsetting a 0.6% fall in repair and maintenance.

Overall this saw a 1.9% rise in month-on-month all work taking construction 0.6% above the February pre-pandemic level of output.

All new work sectors returned to growth apart from public new housing and public other new work, which fell by 2.4% and 2.8% respectively.

Infrastructure led the way with 9.6% month on month growth, followed by industrial at 3.8%, and even commercial which edged up 0.2%.

Fraser Johns, finance director at Beard, said: “In recording a seventh consecutive month of growth, the construction sector has bucked the national trend where the economy shrank overall during the period.

“But what is also encouraging is the reverse in the slow rate of growth that we’ve seen, going from 1.0% in October to 1.9% in November.

“While we hope that the vaccine rollout and a Brexit trade deal in place should lead to less uncertainty broadly, we are still faced with new strains of the virus and a national lockdown, with the impact that has with schools closed and restrictions at every level.

“Realistically the fallout for businesses from Brexit could yet take months to fully understand which means an element of volatility in the short to medium term. However, the new business secretary’s open letter to the construction industry is welcome reassurance in this current period.

“As we now face several more weeks of lockdown, it’s clear that the construction sector has had to adapt but that keeping sites open and projects going was the right thing to do, for jobs and the wider economy.”

 

Latest news

Hundreds to be rehoused in Aberdeen over RAAC fears

Engineers exploring whether to condemn 500 homes or carry out remedial works
15 hours ago

NG Bailey chief to step down

David Hurcomb to retire in May after 14 years at the helm
9 hours ago

Stantec lands design role on £4bn battery factory

First main construction award due shortly on Somerset mega-project
18 hours ago

Equans suffers £146m loss and quits new build housing

Losses hit £99m on housing association new build work
23 hours ago

Job cuts at modular house builder TopHat

Offsite housing specialist acts in response to "challenging market"
24 hours ago

Graham wins £85m Milton Keynes Lakes Estate revamp

Enabling works start ahead of building 200 council homes
23 hours ago

Go-ahead for London’s largest estate £1bn rebuild

Spring start for first job at Stratford's Carpenter Estate scheme
2 days ago

Costain trials electric vans on major civils sites

Green vans meet "tight budgetary requirements" in pilot scheme
2 days ago

Green light for major mixed-use scheme in Ealing

Scheme will provide 10,915 sq ft of industrial workspace alongside 140 new homes
23 hours ago

Taylor Wimpey sees tender inflation fall to 1%

House builder retenders site work as build costs slide
2 days ago

Careys back in profit after £47m turnaround

Contracting division back in profit ahead of three-year growth plan
3 days ago

Rye Demolition goes into administration

Another specialist contractor goes under
2 days ago

Historic breakthrough for HS2’s longest tunnel drive

TBM Florence ends her 10 mile journey under the Chilterns
3 days ago

Volumetric builder Tide seals deal to start London tower

32-storey North Acton tower will consist of 462 co-living units
2 days ago

Costain moves HQ to London’s Can of Ham

Contractor makes return to London from Maidenhead base
2 days ago

Former Keltbray highways MD joins McAlpine

Vip Gandhi takes lead role at Transport division
3 days ago

Willmott Dixon exits stage left from Essex theatre contract

Contract re-tendering shines spotlight on growing schism between contractors and clients
3 days ago

Purpose build student schemes to surge again

Unite assembles record £1.3bn pipeline as fall in HMO supply boosts PBSA sector
3 days ago

Bidding starts for £1.4bn Midlands Rail Hub Alliance

Alliance will deliver upgrades to rail lines and stations around Birmingham and nearby towns
3 days ago

Brickability sounds warning over materials demand

Distributor sees lower sales lasting for longer before house building recovers
3 days ago

English Cities Fund raises extra £200m for work pipeline

Muse, Homes England, L&G partnership to double in size
3 days ago

Go-ahead for 64 homes at former Glasgow Coliseum theatre

Robertson-owned developer Urban Union to build four housing blocks at site
3 days ago

Competition probe launched into 8 major house builders

Cartel watchdog says volume house builders may have exchanged competitively sensitive information
4 days ago

Cement-free concrete firm falls into administration

DB Group also owned Pudlo waterproofing products
4 days ago

Everton Stadium now structurally complete

Laing O'Rourke lifts final concrete terrace section into place
4 days ago

HS2 launches third London Northolt tunnel TBM

1,700 tonne machine begins 3.4mile dig under the capital
4 days ago

Willmott Dixon set for Manchester science park job

Contractor understood to be in final stages of talks to land £75m Greenheys building
7 days ago

Transport jobs get £4.7bn of cancelled HS2 cash

Government details funding for North and Midlands from 2025
4 days ago

Stewart Milne went down owing supply chain £153m

So far 1,375 firms have come forward with unpaid bills
1 week ago

Didcot disaster investigation enters its ninth year

Still no answers for families of quartet killed in demolition collapse
7 days ago

Contractor services