House building strong amid cooling construction
Further evidence of the cooling off in construction has come with reports of an 8.5% decline in contract awards last month over August 2019.
The total value for the month was £4.4 billion, initially showing...
Drop in housing softens construction growth – S&P
Housing activity saw a renewed fall in June, set against overall growth across the industry led by strong commercial activity, according to the latest PMI figures from S&P Global.
Anecdotal evidence suggested that the expansion...
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...
Homes demand brings record growth for construction orders
Construction order volumes increased at the fastest pace for nearly a quarter century last month but inflation in materials costs hit the same record high, according to the latest IHS Markit / CIPS UK...
Shortages, delays and price hikes halt construction growth
Transport shortages and delays as well as the sharpest rise in building costs for over two years helped bring an end to seven months of growth in UK construction output, according to the latest...
Signs of slowing in construction bounce-back as ‘wait and see’ caution takes hold
The near five-year high in construction output post-lockdown showed signs of slowing last month, according to the latest IHS Markit survey of purchasing managers, with respondents mostly pointing to a lack of new work...
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...
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...
Supplier delays and inflation ease but housing slows – S&P
Supplier delays and input cost inflation around the industry have begun to recede but housing activity fell for a third month in a row amid an overall picture of construction growth, according to the...
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%...
