15-02-2024 09:38 via constructionenquirer.com

Construction new work activity fell 2% in 2023

Construction new work contracted by 2% last year as the slowdown in house building dragged the industry down.
But despite the fall in new work activity, a sharp 8.3% rise in RMI work managed to lift the industry’s overall output into positive growth of 2% last year.
Latest figures from the Office for National Statistics this picture was mirrored in the latest quarterly construction output figures today, which fell by 1.3% in Q4 compared with Q3.
The decline came solely from a decrease in n
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