Construction back to pre-lockdown levels – Barbour
Construction activity returned to pre-lockdown levels last month, with contract awards increasing by 58% over March to £9.1billion – a level of activity last seen in January 2020, according to the latest edition of...
Shortage of subbies adds to construction gloom as order books dip towards lockdown low
A rapid drop in availability of construction subcontractors last month added further pressure to ongoing transport, staff and materials shortages, taking order books to the lowest level since the January lockdown, according to the...
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...
Construction shows fastest growth for two years – S&P
Growth in the UK construction sector gained momentum during May, with activity and new business increasing at sharper rates than in April, with the result that overall activity rose at the fastest pace for...
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,...
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...
‘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...
CPA sees recession ahead before growth in ‘25
Construction is expected to fall into recession this year with a 2.2% drop in output before turning to of 2.1% growth in 2025 and further growth of 3.6% in ’26, according to the spring...
Rising costs continue to dampen product growth optimism
Light side construction products showed growth for a ninth quarter in succession while increases in energy, fuel and materials costs continue to add uncertainty to the immediate future, according to the Construction Products Association’s...
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%...
