The total value of construction contracts was £ 4.9 billion last month according to new data.

Figures from the latest edition of Barbour ABI’s Economic & Construction Market Review show the amount increased marginally 0.2 percent from October, but decreased 9.1 percent from November 2019.

The monthly volume fell from 871 to 715 by 17.9 percent, while the annual amount decreased by 16.4 percent compared to 855 in the previous year.

Barbour ABI Chief Economist said: “The monthly value of contracts awarded in November was £ 3.9 billion. This is below the historical average and in line with our previous estimates that the construction industry has been operating across the UK since the initial lockdown has returned, but at lower levels than before.

“The introduction of the Covid-19 vaccine has raised all hopes for a return to normal in 2021.

“In the meantime, we have to deal with many downside risks: at best, a thin Brexit deal, higher unemployment and persistent restrictions on movement in winter and spring.”