Growth In July

July’s growth in output accompanied June’s record monthly growth of 23.5%. Despite that, the decline in productivity at the beginning of the pandemic meant that compared to the construction output in February,  July was still 11.6% behind that. Since the record monthly decrease of 40.2% in April, July has been the UK’s third consecutive month of growth at 17.6% which is the second largest monthly development since records began in 2010. 

Leading up to July, construction output fell by 10.6% due to a decrease in new work of 9.7% and a drop in repair and maintenance of 12.4%. The reduction in new work was mainly due to private new housing, which fell by 17.0% alongside falls in every new work sector, aside from infrastructure which grew 6.0%. 

Published by: TRIQS

TRIQS was formed in 1999 by Mark Monaghan, who has over 30 years experience in the construction industry. Since then, our business has grown rapidly along with our unparalleled reputation for providing clients with an experienced team of surveyors they can build a relationship with and more importantly, trust. TRIQS offers unrivalled sector knowledge to our clients enabling ourselves to exceed client expectations in service delivery every time. TRIQS operates within national and international markets. Our five offices are located in London, Birmingham, Manchester, Bristol and Dublin all of which deliver bespoke services. TRIQS are Regulated by RICS.

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