Material and labour shortages dampening construction output
Construction output fell 1.8% in October 2021, representing the largest monthly decline since COVID-19 sent construction into chaos in April 2020. This fall means the level of construction output in October remained 2.8% below the February 2020, pre-coronavirus level. Unfortunately, new work also fell by 2.8% from September to October 2021. Repair and maintenance however, …
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