Sharpest monthly drop in construction on record: ONS
March saw the biggest monthly fall in construction output since records began a decade ago, figures from the Office for National Statistics reveal.
Our business development director Neil Knight says: “It was inevitable that we would see a sharp fall in output on the back of the covid-19 outbreak, with many sites mothballed and others operating at reduced capacity.
“But there is light at the end of the tunnel.
“We are now seeing large contractors bringing sites back into operation, and the government has sent out a clear message to encourage construction workers to go back on site, so we would expect to see volumes pick up again in months to come, although they may take some time to reach pre-coronavirus levels.
“We’ve also had great news in recent days about on-site valuations and viewings resuming.