New work surges as materials shortages ease

Construction output has once again bounced back above the pre-pandemic high-water mark after a strong surge in new work during November.
A 5.7% hike in new work lifted overall construction output by 3.5%, despite a small decline in repair and maintenance workloads.
Monthly construction output recoveryThe surge lifted overall activity above the February pre-pandemic high for the second time after the initial rebound recovery started to be dragged down by a slowing of workloads 12-months ago due t