In May 2021, estimates for construction output decreased by 3.6% in the month-on-month series, after 4 months of growth. Despite being negative in the early estimate, April 2021 recorded a month-on-month increase after revision.
In the three months to May 2021, the seasonally adjusted index of production in construction was up 7.8% when compared with the previous three months.
Year on year, the unadjusted index for construction output grew by 32.6%, while the calendar adjusted index (21 calendar working days versus 20 days in May 2020) rose by 37.3%.
In the first five months of 2021, construction output rose by 46.3% in the unadjusted series and increased by 45.4% in the calendar adjusted series.