Industry still suffering under supply chain, inflation and cost of living
Materials inflation, now running at at 25%, supply chain issues, pandemic issues and Ukraine are all contributing to continued uncertainty in the industry, according to the latest monthly Snap Analysis from Barbour ABI.
Chief Economist...
Housing growth still dogged by consumer fears
Sluggish growth in house building was the biggest cause of the lack of momentum across construction, brought about by subdued consumer confidence and worries about the economic outlook, according to the latest PMI figures...
Inflation forces drop in profit forecasts – CPA
Continuing increases in energy and materials costs have forced construction profit margin forecasts to drop to the lowest level since 2020, with Wales and the South West, followed by Scotland, expected to suffer the...
Are we heading for a full-blown summer recession? – Barbour
Levels of contract awards and planning approvals last month were well below those seen in March, according to the latest monthly Snap Analysis from Barbour ABI.
Chief Economist Tom Hall said: “After a stellar performance...
Rising costs and economic uncertainty hit growth
UK construction companies reported another strong rise in business activity during April, but the speed of recovery lost momentum amid weaker new order gains, according to the latest CIPS Construction PMI report from S&P...
Construction buoyant but strong headwinds coming – CPA
Construction activity is set for a dramatic slowing in growth with further uncertainty ahead as global issues start to affect the UK market, according to the latest quarterly forecast from the Construction Products Association.
The...
Ukraine and inflation drive construction optimism to 18-month low
A continued rise in construction output last month was offset by the combined impact of inflationary pressures and the war in Ukraine which drove industry confidence down to the weakest since October 2020, according...
Housing hopes gather pace with more planning green lights
The future of UK housing is looking optimistic with £3.8billion of plans granted the go-ahead last month, clearly higher than the £3.5billion average throughout 2021, according to the latest figures from Barbour ABI.
The residential...
Output strong, inflation easing – Markit
Construction output last month showed the strongest activity since mid-2021 amid stronger client confidence and work on new projects commencing, according to the latest report by HIS Markit.
Companies however continued to report widespread supply...
CPA adds more hope of growth
Further optimism for growth alongside easing supply issues has come this week from the Construction Products Association with a forecast that construction will put on a ‘robust’ 4.3% this year before slowing to 2.3%...
