The Construction Products Association’s (CPA) Autumn Forecasts for construction output growth in 2020 and 2021 have been downgraded from 1.0% and 1.4% to 0.5% and 0.9% respectively from its summer forecasts. The downgrade reflects uncertainty around Brexit and major infrastructure delivery, most notably delays and cost overruns with Hinkley Point[ More….]
Some positive news for the industry as BuildingTalk.com announce that total Builders Merchants value sales to builders and contractors in July were up 2.9% compared with the same month last year. Workwear & Safetywear (+13.4%), Kitchens & Bathrooms (+6.4%), Plumbing, Heating & Electrical (+6.0%) and Landscaping (+5.6%) displayed the largest[ More….]
Building activity in the construction sector fell at the second-fastest rate in over a decade, according to the latest PMI. The IHS Markit/CIPS Construction Purchasing Managers’ Index dropped to 43.3 in September, from 45.0 in August, marking the second-fastest downturn since April 2009. Residential building saw its fourth successive monthly decrease.[ More….]
According to the new Healthcare Construction Market Report from AMA Research, the overall picture for construction output in the health sector in 2018 is that output fell to the lowest level since 2015 – declining by over 15% to an estimated value of £2.5bn. The healthcare pipeline is now mainly[ More….]
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