At the start of the year, nobody could have predicted how widespread impact of Covid-19 would be, especially within the construction industry. With no sort of contingency plans in place for this kind of event, the industry was hit hard by site closures, furloughs and redundancies and even some companies calling in the administrators. We … Read more
The residential sector contract awards in 2019 were valued at £23.0 billion an increase of 0.9% on 2018. This follows on from 7.4% decrease in 2018. Following good growth in contract awards values between 2015 and 2017, there appears to have been some levelling off in 2018 and 2019. Key to this has been the … Read more
The latest data release from the ONS indicates that in the three months to November 2019 construction output increased by 1.1% on the previous three-month period. Key to this growth was a 1.6% increase in new work with repair and maintenance reporting a smaller 0.2% increase. Comparison with the three-month period ending November 2018 shows … Read more
The value of all construction contract awards in November 2019 was £5.4 billion based on a three-month rolling average. This is an increase of 9.1% on October, and an increase of 20.2% when compared with November 2018. Despite the increase in value of contract awards, the quantity has decreased by 1.0% in November to 855. … Read more
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