A mixed view for construction at the end of 2018 The ONS report that construction output recorded an all-time high in November 2018 as the month-on-month series grew by 0.6%, resulting in the total value of construction output exceeding £14bn for the first time since monthly records began in 2010.  All new work increased 2.1% […]

Optimism improving, despite Brexit uncertainty weighing on construction markets The IHS Markit/CIPS UK Construction PMI for November 2018 points to an expansion across the construction sector, as the index registered 53.4 in November, up from 53.2 in October. This was driven by the residential building sub-sector being the best performing, as activity in this area […]

Construction reacts to the Autumn Budget and Market figures show mild recover in Q3 Construction reacts to the Autumn Budget Phillip Hammond, in his Autumn 2018 Budget, declared ‘austerity is finally coming to an end’. He also confirmed that all spending plans would go ahead regardless of the outcome of Brexit, thanks to lower borrowing […]

Could this be the end of recent positive market activity, impacted by Brexit uncertainty? Barbour ABI data shows that all construction contract activity increased 28.9% in August compared to July 2018, with the value of contracts awarded in August now standing at £6.0bn. This data indicates a continuation of the positive conditions experienced in July, […]

Recent construction figures show mild growth despite a decline forecast for 2018 Construction output grew by 3.3% in the three months to July 2018, the ONS report, this was driven by growth in both repair and maintenance, and all new work, which increased by 5.3% and 2.3% respectively. The ONS also report output grew by […]

Mild decline forecast for construction, despite mild recovery in Quarter 2 Moderate fall in construction growth forecast for 2018 Construction is expected to experience a moderate fall in growth for 2018, following five years of consecutive growth. According to The Construction Products Association’s Summer Forecasts growth for the whole of 2018 is anticipated to fall […]

Competitive Advantage has partnered with leading construction forecaster Hewes & Associates to provide you with comprehensive market insight. The Construction Outlook from Hewes & Associates provides three years of forecast data for Housing, Infrastructure, Public non-Housing, Industrial, Commercial, Repair & Maintenance. This article provides an overview of the recently released Hewes & Associates Construction Outlook: […]

Mixed figures reported for construction as government announces Construction Sector Deal to transform productivity. Government have announced their Construction Sector Deal. The deal sets out an ambitious partnership between the industry and the government to transform the sector’s productivity. It covers five areas: ideas, people, infrastructure, business environment and places. The deal aims to: Invest £420m […]

Subdued construction output reported, with falls in new orders The ONS report Construction output fell by 3.4% during the three-month on three-month period to April 2018, the biggest fall seen since August 2012. This was mainly driven by falls in both repair and maintenance and new work. Despite this the April RIBA Architects’ Future Trends […]

Although the ONS has revised up the Q1 2018 performance from -3.3% to -2.7%, this is still the biggest fall reported since August 2012. The general theme of their latest Construction Output figures for January to March is one of decline; All New Work -2.6%, Private Housing -1.6%, Public Housing -8.8%, Public Non-housing -5.9%, Infrastructure […]