Statistics on the construction industry, including value of output, new orders by sector, number of firms and total employment, insolvencies and construction Output Price Indices for 2021 have been issued by the Office of National Statistics (ONS).
image: for illustration – Open Government Licence v3.0
… value of construction new work….in 2021 experienced strong growth (15.3%)…
[Note: Construction of new buildings and repairs or alterations to existing properties in Great Britain measured by the amount charged for the work, including work by civil engineering companies.]
Office of National Statistics (ONS) writes:
1.Main points
- The value of construction new work in current prices in Great Britain in 2021 experienced strong growth (15.3%) to £115,579 million, after a 15.9% fall to £100,199 million in 2020, as the impact of the recovery from the coronavirus (COVID-19) pandemic took hold; there were similar strong percentage increases in both private and public new work.
- Construction new orders rose 30.5% in 2021 to £72,578 million, recovering to the highest level in over 45 years, driven by private industrial, private housing and private commercial; the only sector with negative growth was infrastructure, with the notable negative growth in electricity and roads partially offset by railways.
- In 2021, 353,365 Value Added Tax (VAT) and Pay As You Earn (PAYE) registered firms were operating in the construction industry in Great Britain, a 3.2% growth compared with 2020; pandemic-related administrative lags in deregistering and closing firms may have occurred and be recorded in 2021.
- The number of construction-related employees (excluding self-employment) in Great Britain remained broadly unchanged in the third quarter of 2021 compared with 2020, totalling 1.4 million workers; the number of self-employed workers fell 3.7% in 2021, while total construction employment in VAT and PAYE registered businesses remained at 2.15 million workers in 2021.
- The construction industry saw a 25.7% annual increase in the number of recorded company insolvencies in 2021.
- The all-work construction Output Price Index saw strong annual price growth of 5.9% in November 2021; there was consistent price growth across all sub-sectors throughout the year.
Alongside this release, we have also released an additional document, which provides further information on the suite of construction sources and outputs from a range of sources.
