One of the expected impacts of the coronavirus (COVID-19) that brought the world to a halt in the first quarter of 2020 is the disruption to normal business activities and supply chains. The effect spreads through various industries and with the assumption of a ********* delay in construction activities, the forecast suggests property completions planned for 2020 in cities in the United Kingdom (UK) could decrease by more than *********, leading up to more completions in 2021 than originally planned. For more information on the Statista coverage of the coronavirus in the UK, see our report.

GlobalData expects the construction industry to contract by 6.5% in 2020, with a further downward revision likely if activity in the short-term is more severely disrupted than currently anticipated. Read More

GlobalData expects the UK construction industry to contract by 5.8% in 2020, but there is a high likelihood of downward revisions if activity in the short-term is more severely disrupted than currently anticipated. Read More

The construction output of in Great Britain has been growing between 2021 and 2024. After a strong recovery from the COVID-19 pandemic, which had a big impact in the industry, the growth of the construction output has been decelerating.

Prior to the outbreak of the coronavirus (COVID-19), GlobalData had predicted that there would be an acceleration in the pace of growth in the global construction industry, to 3.1% from 2.6% in 2019. However, given the severe disruption in China and other leading economies worldwide following the outbreak, the forecast for growth in 2020 has now been revised down to 0.5%. The current forecast assumes that the outbreak is contained across all major markets by the end of the second quarter, following which, conditions would allow for a return to normalcy in terms of economic activity and freedom of movement in the second half of the year. However, there will be a lingering and potentially heavy impact on private investment owing to the financial toll that inflicted upon businesses and investors across a wide range of sectors. Read More

The construction output of all work in Great Britain increased by approximately six percent in 2022. The economic crisis of 2007 and the aftermath of the COVID-19 pandemic have caused strong fluctuations. The construction output in Great Britain in April 2020 decreased a lot due to the COVID-19 pandemic.

The construction output value of all work in Great Britain from January 2017 to November 2020 generally rose, although a strong decline is visible in the first half of 2020. At this time, the COVID-19 pandemic struck Great Britain, resulting in a total output value of nearly 8.2 billion British pounds in April 2020, a little over half of January 2020, when nearly 14.5 billion of construction output value was seen.

GlobalData expects the construction industry to contract by 2.5% in 2020, with the high likelihood of downward revision in the short-term if activity is more severely disrupted than currently anticipated. Read More

The quarterly value of building materials and components imported into the United Kingdom from the first quarter of 2016 to the third quarter of 2020 has been increasing, despite slight drops in the fourth quarter of 2017 and the second quarter of 2018. In 2020, however, numbers decreased strongly, perhaps due to the effect of the COVID-19 pandemic on construction in Great Britain. In the third quarter of 2020, the import value of building materials and components amounted to roughly * billion British pounds again.

United Kingdom CJRS Claims: To-Date: EEN: TuR: Construction data was reported at 7.000 % in Sep 2021. This records a decrease from the previous number of 8.000 % for Aug 2021. United Kingdom CJRS Claims: To-Date: EEN: TuR: Construction data is updated monthly, averaging 13.000 % from Jun 2020 (Median) to Sep 2021, with 16 observations. The data reached an all-time high of 59.000 % in Jun 2020 and a record low of 7.000 % in Sep 2021. United Kingdom CJRS Claims: To-Date: EEN: TuR: Construction data remains active status in CEIC and is reported by HM Revenue & Customs. The data is categorized under Global Database’s United Kingdom – Table UK.G077: Coronavirus Job Retention Scheme: SIC 2007 (Discontinued).

Housing and non-housing repair and maintenance were the segments with the largest construction output in the United Kingdom in 2024. Those two sectors together amounted to over ** percent of the industry. Meanwhile, the output of new private housing construction amounted to **** percent. The output volume of infrastructure in the past five years has been higher than in previous decades. A look at the construction output index for new private housing shows that output increased in 2021 and 2022, but it has fallen after that. Construction GVA increasingAn increased output also translated into a growing contribution to the gross domestic product (GDP). In the fourth quarter of 2024, the construction industry had a gross value added of nearly ** billion British pounds. That value reached a low point during the start of the COVID-19 pandemic. In comparison, the overall GDP of the United Kingdom was valued at over **** trillion British pounds. Private housing construction expected to declineThe output of the private housing sector was forecast to increase significantly in 2025. The few years after that, the output of private housing construction is expected to keep increasing but at a slower rate. The average price of houses in the UK increased noticeably in 2024, higher demand for and higher prices of housing generally incentivize the housing sector.

United Kingdom CJRS Claims: To-Date: EEN: Construction data was reported at 1,279,900.000 Unit in Sep 2021. This stayed constant from the previous number of 1,279,900.000 Unit for Aug 2021. United Kingdom CJRS Claims: To-Date: EEN: Construction data is updated monthly, averaging 1,281,800.000 Unit from Jun 2020 (Median) to Sep 2021, with 16 observations. The data reached an all-time high of 1,297,700.000 Unit in Feb 2021 and a record low of 1,276,400.000 Unit in Apr 2021. United Kingdom CJRS Claims: To-Date: EEN: Construction data remains active status in CEIC and is reported by HM Revenue & Customs. The data is categorized under Global Database’s United Kingdom – Table UK.G077: Coronavirus Job Retention Scheme: SIC 2007 (Discontinued).

United Kingdom CJRS Claims: To-Date: EER: TuR: Construction data was reported at 19.000 % in Sep 2021. This records a decrease from the previous number of 20.000 % for Aug 2021. United Kingdom CJRS Claims: To-Date: EER: TuR: Construction data is updated monthly, averaging 31.000 % from Jun 2020 (Median) to Sep 2021, with 16 observations. The data reached an all-time high of 75.000 % in Jun 2020 and a record low of 19.000 % in Sep 2021. United Kingdom CJRS Claims: To-Date: EER: TuR: Construction data remains active status in CEIC and is reported by HM Revenue & Customs. The data is categorized under Global Database’s United Kingdom – Table UK.G077: Coronavirus Job Retention Scheme: SIC 2007 (Discontinued).

A combination of factors such as Brexit, the coronavirus (COVID-19) crisis, as well as global surge in demand has led to delays in warehouse completions in the United Kingdom (UK). With demand at an all time high, there is more pressure than ever on the supply side of the sector. Nevertheless, the total projected supply of warehouse space is forecast to continue falling in the second half of 2021 and 2022. This is mostly due to the decrease of new warehouse completions that are expected to fall from *** million square feet in the second quarter of 2021 to *** million square feet in the fourth quarter of 2022.

The economic landscape of the United Kingdom has been significantly shaped by the intertwined issues of Brexit, COVID-19, and their interconnected impacts. Despite the country’s robust and diverse economy, the disruptions caused by Brexit and the COVID-19 pandemic have created uncertainty and upheaval for both businesses and individuals. Recognizing the magnitude of these challenges, academic literature has directed its attention toward conducting immediate research in this crucial area. This study sets out to investigate key economic factors that have influenced various sectors of the UK economy and have broader economic implications within the context of Brexit and COVID-19. The factors under scrutiny include the unemployment rate, GDP index, earnings, and trade. To accomplish this, a range of data analysis tools and techniques were employed, including the Box-Jenkins method, neural network modeling, Google Trend analysis, and Twitter-sentiment analysis. The analysis encompassed different periods: pre-Brexit (2011-2016), Brexit (2016-2020), the COVID-19 period, and post-Brexit (2020-2021). The findings of the analysis offer intriguing insights spanning the past decade. For instance, the unemployment rate displayed a downward trend until 2020 but experienced a spike in 2021, persisting for a six-month period. Meanwhile, total earnings per week exhibited a gradual increase over time, and the GDP index demonstrated an upward trajectory until 2020 but declined during the COVID-19 period. Notably, trade experienced the most significant decline following both Brexit and the COVID-19 pandemic. Furthermore, the impact of these events exhibited variations across the UK’s four regions and twelve industries. Wales and Northern Ireland emerged as the regions most affected by Brexit and COVID-19, with industries such as accommodation, construction, and wholesale trade particularly impacted in terms of earnings and employment levels. Conversely, industries such as finance, science, and health demonstrated an increased contribution to the UK’s total GDP in the post-Brexit period, indicating some positive outcomes. It is worth highlighting that the impact of these economic factors was more pronounced on men than on women. Among all the variables analyzed, trade suffered the most severe consequences in the UK. By early 2021, the macroeconomic situation in the country was characterized by a simple dynamic: economic demand rebounded at a faster pace than supply, leading to shortages, bottlenecks, and inflation. The findings of this research carry significant value for the UK government and businesses, empowering them to adapt and innovate based on forecasts to navigate the challenges posed by Brexit and COVID-19. By doing so, they can promote long-term economic growth and effectively address the disruptions caused by these interrelated issues.

United Kingdom CJRS Claims: To-Date: EEN: ow FS: Construction data was reported at 92,700.000 Unit in Sep 2021. This records a decrease from the previous number of 101,700.000 Unit for Aug 2021. United Kingdom CJRS Claims: To-Date: EEN: ow FS: Construction data is updated monthly, averaging 169,700.000 Unit from May 2020 (Median) to Sep 2021, with 17 observations. The data reached an all-time high of 752,000.000 Unit in Jun 2020 and a record low of 92,700.000 Unit in Sep 2021. United Kingdom CJRS Claims: To-Date: EEN: ow FS: Construction data remains active status in CEIC and is reported by HM Revenue & Customs. The data is categorized under Global Database’s United Kingdom – Table UK.G077: Coronavirus Job Retention Scheme: SIC 2007 (Discontinued).

United Kingdom CJRS Claims: To-Date: EER: ow FS: Construction data was reported at 45,900.000 Unit in Sep 2021. This records a decrease from the previous number of 49,400.000 Unit for Aug 2021. United Kingdom CJRS Claims: To-Date: EER: ow FS: Construction data is updated monthly, averaging 73,200.000 Unit from May 2020 (Median) to Sep 2021, with 17 observations. The data reached an all-time high of 171,400.000 Unit in Jun 2020 and a record low of 45,900.000 Unit in Sep 2021. United Kingdom CJRS Claims: To-Date: EER: ow FS: Construction data remains active status in CEIC and is reported by HM Revenue & Customs. The data is categorized under Global Database’s United Kingdom – Table UK.G077: Coronavirus Job Retention Scheme: SIC 2007 (Discontinued).

GlobalData has revised downwards the forecast for construction industry growth in 2020 to -3.8%, with the high likelihood of further cuts if activity in the short-term is more severely disrupted than currently anticipated. Read More

The UK construction industry was severely impacted in 2020, due to the disruptions caused by the Coronavirus (COVID-19) outbreak and the subsequent lockdown measures. The industry contracted by 14% in real terms last year, following growth of 1.8% in 2019. According to the Office for National Statistics (ONS), the construction industry contracted by 1.2% year on year (YoY) in the first quarter of 2021, following year-on-year (Y-o-Y) declines of 5.9% in Q4, 10% in Q3 and 36.2% in Q1 2020. Read More

Association between estimated cardiorespiratory fitness (eCRF) and testing positive for COVID-19 and COVID-19 mortality.