ONS reports June drop in output as construction feels impact of record price rises

By Daniel Gayne 2022-08-12T06:54:00

Source: Shutterstock

But second quarter output still positive overall

Record construction price inflation put an end to seven consecutive months of growth in the sector in June, with output dropping 1.4% according to the ONS.

The annual rate of all construction work price growth was 9.6% last month, a record high since the Construction Output Price Indices series began in January 2014.

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

Breaking industry news as it happens
Gain access to Housing Today’s Specialist CPD modules
Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now