Recession fear drives fall in construction confidence
Confidence amongst constructors dropped into negative territory last month for the first time since the initial Covid-19 wave and for only the sixth time on record amid expectations of a recession and poor demand...
‘Business optimism lowest for two and a half years’
UK construction companies signalled a renewed slowdown in business activity growth during November, with optimism among businesses now at its lowest since May 2020, according to the latest S&P Global / CIPS UK survey.
Tim...
Modular giant VBC reveals UK entry plan
Volumetric Building Companies, said to be one of the world’s biggest modular building manufacturers with global sales nearing $1billion, has announced plans to expand into the UK, targeting the build-to-rent, affordable housing, student accommodation,...
More gloom ahead, say CPA and S&P
Further evidence of growing pessimism over the future of the industry has come from two reports this week, with the Construction Products Association forecasting a 3.9% drop in output next year and the latest...
Business optimism sinks as new orders stall – CIPS PMI
UK construction companies reported a modest increase in business activity last month, but subdued demand was signalled by the weakest trend for new orders since the recovery began in June 2020, according to the...
White paper calls for ‘radical change’ towards single product competence standard
A call for the entire built environment sector to unite behind a single standard of product competence has been made in a new White Paper from a working group led by the Consumer Products...
Price hikes hit manufacturers’ hopes after two years of growth
Product manufacturers reported an eighth successive quarter of sales growth in Q2, according to the Construction Products Association’s State of Trade Survey, but expectations have been dampened by accelerating cost inflation.
Within the overall, RMI...
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...
