Cost pressures inflated construction output by £23bn since pandemic, says analyst

By Daniel Gayne2023-02-16T06:00:00

Industry bosses suppressing wage rises to keep inflation down

Rising costs added £23bn to the value of construction output compared with pre-pandemic level, according to information firm Barbour ABI.

The latest Office for National Statistics data, published last week, showed that annual construction output value surpassed £200bn for the first time, hitting a total value of nearly £205bn – a rise of 15% from 2021 output in nominal terms.

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