banner ad
blog post banner

Construction woes continue as June figures show no improvement

August 2018

The value of new construction contracts in June reached £4.4 billion, a decrease of 3% compared to May and the lowest performing month across construction for more than five years.  Housebuilding, the industry’s biggest sector, fell to its lowest point in 2018 with £1.7 billion in contracts awarded and also declined for the fourth month in a row.

The latest edition of the Economic & Construction Market Review from Barbour ABI highlights levels of construction contract values awarded across Great Britain.  The largest project by value across the month was the £115 million Luton Airport – Light Rail Link project.  This project was followed closely by two major housebuilding developments; Waterhouse Gardens in Maidstone and Upper Warren housing development in Hartlepool, with both projects each worth £100 million.

Across the rest of construction, infrastructure saw a slight increase in contract value, reaching £740 million but still more than four times lower than the heights reached at the end of 2017. Apart from hotel, leisure and sport developments, which also saw a very slight increase, the rest of the industry sectors witnessed monthly decreases in June, as the lack of large value projects has now become more noticeable.

Regionally, the South East was the region with the largest share of contract awards value in June with 14.7% of the total, which included two of the top five biggest projects across the month.  The region was then followed by the North West with 13.1% and London with 12.7%.

More at: www.barbour-abi.com

 

Marmomac 2021 is set to return to an in person audience

The world and Italian natural stone industry has an opportunity to meet again in Verona this year as Marmomac, which...

Continue Reading

Façade experts Aliva appoint new UK Sales Manager

Aliva UK, the UK façade design and engineering company, has appointed a new regional UK sales manager to support continued...

Continue Reading

Rapid growth in Italian ceramic tile sector

2016 international financial data analysed by the Acimac Research Department reveals that the Italian ceramic tile industry continued its process...

Continue Reading