Construction Statistics Annual 2023; Number 24

Product Description

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. This 2023 Edition contains data for the year 2022.

Main points

• The value of construction new work in current prices in Great Britain in 2022 increased 15.8% to a record high of £132,989 million; this was driven by growth in both private sector work of £14,093 million and in the public sector of £4,068 million
• Construction new orders rose 11.4% in 2022 to £80,837 million, driven by private infrastructure, private commercial and other public non-housing; the only sector that decreased was private industrial.
• In the Quarter 3 (July to Sept) 2022, 374,332 Value Added Tax (VAT) and Pay As You Earn (PAYE) registered construction firms were operating in the construction industry across Great Britain, which is a 5.9% growth compared with 2021.
• The number of construction-related employees (excluding self-employment) in Great Britain increased 3.3% in 2022 compared with 2021, totalling at 1.4 million workers; the biggest contributor to the growth in 2022 was England with a growth of 3.5%, Wales and Scotland both increased by 2.0%.
• The construction industry saw a 59.4% annual increase in the number of recorded company insolvencies in 2022.
• The all-work construction Output Price Index saw strong annual price growth of 8.8% in December 2022.