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 […]

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 […]

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 […]

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. […]

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 […]

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 […]