UK construction employed 2.16 million people in 2021 Q1, which is 14,817 (0.7%) higher than in Q4 but it is still 154,429 (6.7%) lower than in 2019 Q4, pre-Covid-19 & 270,782 (11.2%) lower than the recent peak in 2019 Q1...
#ukconstruction #construction
ons.gov.uk/employmentandl… Image
... & interestingly, male construction employment continued to fall in 2021 Q1 (by 10,717 vs Q4 & 180,237 vs 2019 Q4, pre-Covid-19) & this was offset by a rise in female employment in 2021 Q1 of 25,534 (9.0%) vs Q4 & 25,808 (9.1%) vs 2019 Q4...
#ukconstruction #gender Image
... which, on the plus side means that UK construction employment in 2021 Q1 had its highest proportion of females on record (albeit still a low proportion compared with the population). However...
#ukconstruction #construction #gender Image
... the decline in male construction employment despite a recovery in construction output is due to a lack of new entrants replacing those that have retired & a lack of skilled construction workers coming over from the EU replacing those that have left...
#ukconstruction #gender Image
... & given that construction output is already higher than pre-Covid-19, skills shortages will constrain construction output growth in some key hotspots over the next 12-18 months...
#ukconstruction #construction Image
... although it is worth noting that UK construction still had 196,500 workers on partial or full furlough at the end of March 2021 so there remains scope for construction output in some areas to rise near-term.
#ukconstruction #construction Image

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More from @NobleFrancis

12 May
THREAD: Construction output in March 2021 was 5.8% higher than in rain-affected February & 6.0% higher than in March 2020 according to the ONS. Output was also higher than pre-Covid-19 & at its highest level since September 2019...
#ukconstruction
ons.gov.uk/businessindust… Image
... On a monthly basis, construction output in March 2021 was 5.8% higher than rain-affected February with increases in almost every construction sector & the largest rises public housing (+16.7%), private housing (+9.4%) & private housing rm&i (+7.7%) whilst...
#ukconstruction Image
... on an annual basis, construction output in March 2021 was 6.0% higher than a year earlier although it is worth noting that construction output from 23 March 2020 was affected by the social distancing restrictions during the initial lockdown...
#ukconstruction #construction Image
Read 18 tweets
13 Apr
THREAD: It is broadly a 'V'-shaped recovery for the construction industry overall so far... Construction output in February 2021 was 1.6% higher than in January 2021.
#ukconstruction #construction
ons.gov.uk/businessindust…
Construction output in February 2021 rose by 1.6% compared with January as activity picked up after the usual Winter slowdown but growth was affected by persistent rain affecting outdoor site activity so expect significant growth in March as well.
#ukconstruction #construction
Construction output in February 2021 remained 4.3% lower than one year ago (February 2020, the last month before the initial lockdown). Overall, it has broadly been a 'V'-shaped construction recovery but fortunes vary considerably by construction sector.
#ukconstruction
Read 16 tweets
12 Mar
'V'-shape recovery for construction so far. Construction output in January 2021 was 0.9% higher than in December 2020 & 3.0% lower than one year earlier (pre-Covid-19) according to @ONS...
#ukconstruction #construction
ons.gov.uk/businessindust…
... The 0.9% monthly rise in construction activity during January 2021 (was after a 2.9% fall in December &) was mainly driven by growth in public housing repair, maintenance & improvement (cladding remediation), commercial & infrastructure...
#ukconstruction #construction
... & construction output in January 2021 remained 3.0% lower than a year earlier despite activity in repair, maintenance & improvement activity & infrastructure activity that is already above pre-Covid-19 levels already because...
#ukconstruction #construction
Read 18 tweets
22 Dec 20
In November 2020 there were 115,190 property transactions in the UK, which is 8.6% higher than October & 19.3% higher than November 2019 according to HMRC...
#ukhousing #housing
gov.uk/government/pub…
... & as a reference point for housing market forecasts for the year, if UK property transactions continue at November 2020's level in December then, overall in 2020 UK property transactions would be 12% lower than in 2019...
#ukhousing #housing
... although note transactions in December tend to fall by around 1%-3% compared with November, which would imply that UK property transactions overall in 2020 are likely to be 13% lower than in 2019 despite monthly transactions currently above 2019 levels...
#ukhousing #housing
Read 4 tweets
18 Dec 20
In case anyone is interested, a few slides from my Construction & Brexit update presentation this week...
#ukconstruction
Only 24% of construction products used in UK construction are imported but of those 61% come from the EU & it is not just about the imported products but also the imported materials & components used in UK manufactured construction products...
#ukconstruction Image
The key construction products that are likely to affected by a 'No Deal' would be products in which demand already exceeds supply due to the sharp recovery in housing new build & refurb after the first lockdown; timber, roofing products & white goods...
#ukconstruction Image
Read 10 tweets
10 Dec 20
Construction output in October 2020 was 1.0% higher than in September but still remained 7.5% lower than a year ago. However, it is worth noting that there were considerable differences across the different construction sectors...
#ukconstruction
ons.gov.uk/businessindust…
...& how construction firms have experienced recession & recovery depends on the sector(s) they work in. Looking at the key sectors, infrastructure was the least affected in the initial lockdown & activity is effectively back at pre-Covid-19 levels whilst...
#ukconstruction
... private housing new build & rm&i were the worst affected sectors in the initial lockdown but activity recovered from mid-May. Private housing rm&i activity was back at pre-Covid-19 levels in October & private housing new build output was 4.5% lower...
#ukconstruction
Read 20 tweets

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