Fri, 2 December 2022

Newsletter sign-up

Subscribe now
The House Live All
Ad Net Zero: International Impact for UK Advertising’s Climate Action Plan Partner content
Environment
Watt A Save: Maximising the energy efficiency of new homes Partner content
By Home Builders Federation (HBF)
Environment
Economy
Economy
Sellafield Jobs Map pinpoints the site as an important catalyst for UK economic growth Partner content
Environment
Press releases

CIOB responds to ONS construction output for August 2021

Chartered Institute of Building

2 min read Partner content

Latest figures by the Office for National Statistics have shown construction output fall by 0.2 per cent in August 2021 with output now 1.5 per cent below its pre-coronavirus (February 2020) level. New work remained stagnant in August (0.0 per cent) with repair and maintenance falling (0.6 per cent) on the month. 

ONS provided anecdotal evidence from businesses suggesting that product shortages caused by supply chain issues and subsequent price rises were the main reasons for the decline. 

Hew Edgar, Associate Director - Policy at CIOB, said: 

“Today’s August figures indicate construction output has fallen by £30 million in monetary terms compared with that of July of this year. We also saw the first three-monthly fall leading up to August since July of 2020.  

We speculate the fall was due to new work remaining flat in August in addition to the continuing supply chain issues which has seen a nationwide product and material shortage causing delays in projects.   

In order for the industry to return to pre-coronavirus levels we must first see the product and material shortages being addressed. The cost of materials is an uncertain factor for many projects right now which is why many projects continue to be delayed. The stagnation of new work highlights this issue and if it is not addressed we will continue to see a decrease in output for the industry." 

-ends-

Categories

Economy
Associated Organisation
Podcast
Engineering a Better World

The Engineering a Better World podcast series from The House magazine and the IET is back for series two! New host Jonn Elledge discusses with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

NEW SERIES - Listen now