A sharp drop in new order intakes was mainly attributed to subdued economic conditions and domestic political uncertainty. Business optimism regarding the year ahead outlook for construction activity fell as weaker demand helped sink the degree of confidence to its lowest since November 2012. The IHS Markit/CIPS UK Construction Purchasing Managers’[ More….]
The ongoing economic and political uncertainty linked to Brexit is a major factor in the revised Builders Merchants Industry Forecast of merchant sales, with a drop of -1.8% in expected growth for 2019 over 2018. Published by the BMF the Q2 baseline forecast predicts year on year annual sales growth[ More….]
Analysis reveals that only three regions – London, the East Midlands and Wales – showed an increase in the number of residential contracts awarded last year. The government’s ability to deliver 300,000 new homes annually by the mid-2020s has been thrown into doubt after figures suggested the number of contract[ More….]
The UK construction sector experienced its steepest reduction in output in 10 years during June. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index slumped to 43.1 in June, down on 48.6 in May. Readings below 50 signal contraction. The fall in house building was the largest reported for three years,[ More….]
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