Construction output highest for eight months – but optimism fades

By Carl Brown2022-03-04T10:25:00

Firms fear impact of rising costs and supply shortages

Construction output rose at the fastest rate for eight months in February despite optimism about the months ahead declining.

The latest IHS Markit/CIPS survey of construction companies showed total output improving to 59.1% in February, the highest figure since last June.

Housing output rose from 54.3% in January to 61.5%, overtaking commercial activity – which recorded 58.4% – as the sector with the highest output. Civil engineering activity also rose from 53.2% to 57.5% month-on-month, its highest level since last June.

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