This week we decided to interview our Chief Economist, Tom Hall on the new and improved Economic and Construction Market Review renamed, Snap Analysis. Find out what he had to say here
What is Snap Analysis?
Each month, the Barbour ABI economics team produces a report analysing construction contract awards comparing historical activity levels by region and sector. This has formed our Economic and Construction Market Review for almost ten years.
Recent surveys carried out by our market research brand; AMA Research has shown that our colleagues in the construction industry are looking for industry commentary and insight in an easily digestible, visual and informative way. So, we listened and have designed ‘Snap Analysis’: a brand new format to our monthly report that includes more graphs, charts and visual data displays. We’ve also added in new sections with additional analysis of projects reaching planning approval and application stage for readers who are interested in the earlier planning stages. And best of all, it’s completely free of charge.
Why do we give some of our reports away for free?
For many years we have produced original content for the construction industry free-of-charge. We firmly believe that we are stronger together as an industry, and we want to use our position as the market leaders in construction research intelligence to give every business in our industry the greatest chance to thrive.
What are the new features?
We have retained all the information we have always provided in our popular Economic and Construction Market Review, but now we have updated the format to display the data in lots of new exciting features. these include:
• Our newly developed Relative Strength Index (RSI) which quickly and easily explains the strength of sector performance by month, quarter and year using a 0-100 scale
• Radial graphs to show the levels of activity (using our RSI) in all sectors by region
• Future expectation and risk analysis by sector
• And much more
Have you included any additional data?
Our previous report analysed projects that have reached contract award stage, the ‘Snap Analysis’ includes contract award projects but now also includes planning approved and planning application stages. We spoke to our customers and realised that it was important to businesses in our industry to understand the levels of activity in the pipeline at planning stages. So, we’ve added in the same level of regional and sector analysis to these stages in the new report – a fantastic addition