Construction orders on the Up for the first time since 2022

Construction orders in the UK surged 28% from a year earlier in Q2 of 2024, rising for the first time since the third quarter of 2022, and sharply rebounding from a revised 2.5% fall in the previous quarter.

It also marked the sharpest growth in construction orders in two-and-a-half years, as orders recovered for all new work (28% vs -2.5% in Q1), all new housing (5.4% vs -11.4%), while growth accelerated for all other work (38.6% vs 1.1%).

On a quarterly basis, construction orders advanced 16.5%, easing from a revised 17.7% jump in the prior three-month period.