Construction Statistics Annual 2024; Number 25

Product Description

Statistics on the construction industry, including value of output, new orders by sector, number of firms and total employment, and construction Output Price Indices.

Main points

• The value of construction new work in current prices in Great Britain in 2023 increased by 4.2% to a record high of £139,029 million; this was caused by growth in both private sector work of £2,050 million and in the public sector of £3,578 million.
• Construction new orders fell by 16.0% in 2023 to £67,885 million, mainly caused by falls in public infrastructure, private commercial and private housing; the only sector that increased was public housing.
• In Quarter 3 (July to Sept) 2023, 364,514 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 2.6% decrease compared with 2022.
• Construction-related employees (excluding self-employment) in Great Britain increased by 0.2% in 2023 compared with 2022, totalling 1.4 million workers; the biggest contributor to the growth in 2023 was Scotland with growth of 1.4%, Wales increased by 0.7% and England showed no growth on the year.
• The all-work construction Output Price Index saw annual price growth of 2.6% in December 2023.