The IHS Markit/CIPS UK Construction PMI November 2017 report shows a marginal upturn in construction output for October, led by housing activity. However, confidence regarding a 12-month outlook dropped to its weakest since December 2012. The Index registered 50.8 in October up from 48.1 in September moving back above the 50.0 neutral mark; however this […]

The ONS have released their Construction Output in Great Britain: August 2017 figures, showing that construction output contracted by 0.8% on a 3 month on 3 month basis in August, but remains at relatively high levels. This decline was mainly due to decreases in both repair and maintenance and all new work falling 0.6% and […]

The ONS have released their Construction Output in Great Britain: July 2017 and new orders April to June 2017 figures, showing that construction output contracted by 1.2% on a 3 month on 3 month basis in July. This decline was mainly due to decreases in both repair and maintenance and all new work falling 1.8% […]

With the General Election over and done with focus turns once again to Brexit. Some experts believe that as the UK leaves the EU some of the large construction projects in the UK will be undermined by uncertainty around foreign investment, as well as the cost and availability of labour and materials. Meanwhile some of […]

The ONS have released their Construction Output in Great Britain: March 2017 and January to March 2017 figures, showing that construction grew for the 5th consecutive period on a 3 month on 3 month basis, rising by 0.2% for Q1 2017. Supporting this positive view the Glenigan Index April 2017 shows the value of work starting on […]

2017 Spring Budget – no new major announcements for construction The CPA, in response to the budget, say anyone seeking major announcements are likely to be disappointed, going on to say there were only a handful of announcements relevant to construction. Many of these were carried over from the previous autumn budget, including a £220 million fund […]

Construction to maintain post-referendum momentum, yet fortunes are mixed The Construction Products Association has released their latest construction forecasts, showing that construction output is expected to grow by 0.8% in 2017, 0.7% in 2018 and 2.2% in 2019. Whilst showing that construction will maintain its post-Referendum momentum, these forecasts are also masking considerable variation in […]

In our presentation, 2016 Construction Markets – a year in review, we look back at the highs and lows of 2016. Including how the UK construction market reacted to the EU referendum and the budget statement. The NBS have also written a review of construction in 2016, explaining how uncertainty has been the underlying theme and what […]

As Oxfordshire receives planning permission for 20,560 new homes the NHBC have issued a report illustrating the benefits of new homes. It is structured around the findings from a survey of people who had recently moved into a new home. At the same time, new research from BRE, shows that people are increasingly focusing on […]

Since the EU referendum the economic outlook for the UK in general and for construction specifically has been uncertain. The recent Glenigan Breakfast Briefing, held in London on Tuesday 22nd November, provided the outlook for construction markets going into 2017. Here is my take on the event. Heightened uncertainty & sterling depreciation shocks the economy The […]