Adverse weather seen in March contributes to drop in construction activity The IHS Markit/CIPS UK Construction PMI April 2018 reports the fastest drop in construction activity since July 2016, with the drop in business activity due to the adverse weather in March. The Index registered 47.0 in March, a drastic drop from 51.4 in February. […]

Subdued growth conditions driven by a continued decline in private commercial work The ONS have released their Construction output in Great Britain: January 2018 and new orders October to December 2017. Construction output contracted for the ninth consecutive period on a 3 month on 3 month basis, falling by 1.0%, driven mainly by the continued […]

A slow start to 2018 for construction, with output expected to remain flat for the year The ONS released their Construction output in Great Britain: December 2017 figures, showing a continuing decline. Construction output contracted for the eighth consecutive period on a 3 month on 3 month basis, falling by 0.7%. This contraction represents the […]

An uncertain picture for construction going into 2018 Despite talks with the government for a deal Carillion PLC has collapsed and entered into compulsory liquidation. The company has £900m worth of debt and a £587m pension deficit. This collapse puts thousands of construction jobs at risk and will affect many smaller contractors who were working […]

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 […]

At last we have some indications of the timetable for Brexit following the Conservative Party Conference and the anouncements made there. Coincidentally the Markit/CIPS UK Construction PMI September data highlights an upturn in business activity across construction for the first time since May 2016. The Construction Product Association’s latest State of Trade Survey also shows […]

Post-Referendum there is uncertainty around the data in the near-term. Because of this the CPA have decided not to publish their standard point estimate forecasts, normally reported in their Summer Construction Industry Forecasts. Instead they have developed Construction Industry Scenarios – Summer 2016. This presents higher and lower bounds to reflect the extent of the […]

What does the Brexit vote mean for the construction sector? Here is a summary of how the construction market has reacted. The UK economy was adversely affected by uncertainty prior to the EU referendum. This uncertainty has continued following the Brexit vote. Rain Newton –Smith, chief economist for CBI, goes through what the economic impact […]

According to the CPA’s recently published Winter forecast, construction output will increase by 5.3% in 2015. This spreads beyond the private housing sector that did so well last year to include 8.0% growth in commercial offices and 7.9% growth in new infrastructure. These positive forecasts follow on from what would seem to have been a […]