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ONS analysis of construction output in September 2022 shows considerable growth in the face of tumultuous economic forecasts. Monthly output increased 0.4% in volume terms, which is the third consecutive month of growth. September 2022 also shows the highest level of output (£15,125m) since records began. However, price increases remain above double digits with September coming in at 10.1% compared to August’s 9.8%. The sector must address acute supply and demand imbalances to address ongoing labour shortages.
Group Media Publication
Construction, Infrastructure and Mining
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