New business adds to growing optimism in construction
UK construction shoed marginal growth last month but the rate of new business growth was the fastest since May 2023 and business optimism improved to reach the highest in over two years, according to...
‘Look beyond cities’ FMB tells Gove
Plans revealed today by housing secretary Michael Gove to release more brownfield sites for housebuilding have gained cautious industry approval but the Federation of Master Builders says they must look beyond just the cities.
The...
Growth forecast soon but not just yet – CPA
Construction output is forecast to fall by 2.1% this year but will turn around to rise by 2.0% in next year, according to the Winter Forecast published this week by the Construction Products Association.
“Private...
Construction firms on the brink with growing number fighting for survival
Construction companies have come out worst in a count of businesses facing critical and financial distress, according to the latest Red Flag Alert report from Begbies Traynor.
The sector not only tops both the critical...
RMI growth ‘propping up’ construction amid continuing decline in new work
Repair, Maintenance and Improvement (RMI) is continuing to show growth offsetting similar negative figures in new work around the industry, according to the latest ONS figures.
While RMI put on 2.1% in November and 3.8%...
Construction downturn easing – S&P
Construction activity is continuing to decline but at a slower rate than at any other time since the current downturn began, according to the latest S&P Global report.
Tim Moore, Economics Director at S&P Global...
Tumbling materials prices in steepest decline since ’09, housing demand down – S&P
Construction purchasing prices fell more rapidly than in 14 years while subdued demand for new housing added to the continuing decline in residential building, all against a backdrop of continuing decline in construction activity,...
‘Good but not enough’ – first reactions to Autumn Statement
The new chancellor’s Autumn Statement has received a cautious welcome by industry bodies with the early consensus summed up as ‘a step in the right direction’ but more is needed.
Construction Products Association Economics Director...
Housebuilding woes add further to construction decline – S&P
Housebuilding activity has now fallen for eleven months in succession, with a steep decline adding further to a gloomy outlook for Construction last month, according to the latest figures from S&P Global Market Intelligence.
Economics...
No recovery yet as CPA forecasts recession to continue through ‘24
The end is not yet in sight for the expected recovery in construction output with a forecast 0.7% growth now downgraded to a contraction of 0.3% due to a weaker economic backdrop.
Interest rates have...
