14 May 2026, 11:44  United Kingdom: Construction Output Shrinks Less than Expected.

UK construction output fell 0.3% year-on-year in March 2026, easing from a 1.6% decline in the previous month and outperforming market estimates for a 2.5% drop. It was the fifth straight month of yearly contraction but the mildest in the sequence, with new work down the least in four months (-4.4% vs -6.1% in February) while repair and maintenance activity accelerated (5.7% vs 4.8%). On a monthly basis, construction output rose 1.05%, accelerating from 0.5% growth in February and marking the fastest growth since May 2024, amid increases in new work (2.0%) and repair and maintenance (0.8%). Over the three months to March, total construction output increased 0.4%, with repair and maintenance expanding by 3.4% while new work shrank 1.9%.

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