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 […]

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 […]

At the end of November the Chancellor delivered his Autumn Budget. Following this the Office for Budget Responsibility (OBR) downgraded the projected economic growth rate, blaming it on weak productivity. The OBR cut growth forecasts from 2.0% to 1.5% for 2017/18, looking ahead to 2021 instead of the projected 2.0% the economy is also expected […]

In 67 per cent of local authorities in England, insufficient houses were built to meet demand in 2015/16 (DCLG 2016; DCLG 2017). Across England, of the 265,936 houses that are needed, just 189,650 new dwellings (71 per cent) were provided. While other factors, such as money supply, play their part, this is impacting on the […]

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 […]