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 […]

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. […]

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 […]

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 […]

The Construction Products Association’s latest construction forecasts gives a mixed picture for construction over the next two years, due to the impacts of the uncertainty following the EU referendum. Construction activity is expected to remain flat in 2017 and 2018; however this hides variation at the sector level, with growth in infrastructure and education offsetting […]

The ONS have released their Construction output in Great Britain: June 2016 & April to June 2016. Output was estimated to have decreased by 0.9% in June 2016 compared to May 2016. Also output was estimated to have decreased by 10.7% in Q2 2016 compared to Q1 2016 due to downward pressure from decreases in […]