Construction Industry Update – October 2023

Construction output slides for second month running Construction output fell 0.5% in volume terms in August in a second consecutive monthly fall. With the wider UK economy bumping along at 2.0% growth, construction has now become a drag on growth rather than a driver. The decreases in monthly output came solely from a decrease in […]

Construction Industry Update – September 2023

First sign of price falls for construction products The first price drops for construction materials are starting to appear as supply returns to pre-covid levels and demand drops as the housing market continues to stagnate. The latest update from Construction Leadership Council’s Product Availability working group said: “The supply of most building materials returned to […]

Construction Industry Update – August 2023

Construction output jumps after three-month decline Following three consecutive months of declines, construction output increased 1.6% in June. A 2% rise in new work led the recovery, with repair and maintenance showing a 1.1% increase. The warm weather appears to have contributed to the increase in output across sectors, according to anecdotal evidence from monthly […]

Construction Industry Update – June 2023

Construction Output Slipped 0.6% in April Construction output declined by 0.6% in April after two successive months of growth. The fall was led by a 1% drop in new work, mainly from private housing new work, down 3% and commercial down 1.8% Compared with the same month last year all new housing is now down […]

Construction Industry Update – April 2023

Construction output rebounds 2.4% in February Construction output returned to strong growth in February after a washout in January due to heavy rain. Monthly construction output is estimated to have increased 2.4% in volume terms following the 1.7% fall in January, with February ranking as the highest monthly value in level terms (£15.6 bn) since […]

Decade of under-replenishment risks aggregate supply squeeze

The Mineral Products Association (MPA) have recently released their Annual Mineral Planning Survey (AMPS) for 2022. It highlights that demand for construction aggregates has outstripped new permitted reserves for ten years running, placing unprecedented pressure on future availability. Using data from MPA members, the reports shows a chronic failure to replenish rock, sand and gravel […]

Construction Industry Update – March 2023

Construction work falls to lowest level in a year January saw the lowest level of construction work in almost a year, as ongoing economic uncertainty and heavy rain blighted the industry, according to official statistics. The value of work across all construction sectors for the month was £14.8bn, a 1.7 per cent fall from December […]

Construction Industry Update – February 2023

Inflation added £23bn to cost of construction last year Rising costs add 23bn to the cost of construction output last year taking it to a record £204bn. This is the first-time annual construction value surpassed £200bn and represented a 15% rise from 2021 output values in nominal terms. Barbour ABI analysis of real versus nominal […]

Aggregates

Construction mineral product sales drop at fastest pace since 2012

Producers of heavy-side construction mineral products, including aggregates, asphalt and concrete, endured a challenging end to 2022. Against a background of continued growth in construction activity last year, supply chain bottlenecks, unprecedented costs pressures, extraordinary weather conditions and looming economic recession, demand for heavy-side materials declined for the third consecutive quarter at the end of […]

Construction Industry Update – January 2023

Construction new work output slips 0.4% in November Construction new work output in November fell 0.4% after being impacted by a near 5% fall in new build housing. Overall total output remained flat, as a modest 0.6% increase in repair and maintenance work helped to offset the new work fall. The fall in output was […]

Construction Industry Update – October 2022

Construction buyers report return to growth UK construction companies saw a modest increase in business activity during September representing a return to growth after two months of falling output. But optimism for future prospects dropped to its lowest level for two years as the prospect of higher interest rates and a downturn in the wider […]

Construction Industry Update – September 2022

Construction to avoid hard-landing recession Leading cost consultant Arcadis is warning that the current market cycle has reached its peak as unprecedented energy price rises make their impact felt. But the firm predicts the looming slowdown will not be ‘blow-out’ like the 2008-2012 crash. The industry instead is likely to experience a prolonged but shallow […]

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