Economic and Construction Market Review
FIS has teamed up with Barbour ABI to provide members with the latest market research and intelligence on the construction market.
The Economic & Construction Market Review provides a monthly construction market analysis round-up including industry insight, market analysis, forecasts, trends and statistics. This next level of analysis will help members to forecast trends and assist in your business planning.
The summary report includes detailed information on the economic climate and its effects on the construction industry, as well as a round-up of the UK construction industry and trends from the past month. Included is analysis and data on the areas within the UK experiencing the most construction contracts and growth, insight on the key sectors in growth or decline, as well as construction industry forecasting and key statistics.
January’s overview of construction activity
- Contract award values still reach £57bn for 2020 despite a 5% fall
- Industry activity maintained by healthcare and infrastructure sectors
Construction contract awards propped up by healthcare and infrastructure sectors.
Previous editions of the Barbour ABI Report
- December 2020
- November 2020
- October 2020
- September 2020
- July 2020 Review
- May 2020 Review
- June 2020 Review
- March 2020 Review
- February 2020 Review
- April 2020 Review
- January 2020 Review
- December 2019 Review
- August 2020
December’s overview of construction activity
- Marginal increase in contract awards for November
- London and the North West were leading regions
- Residential sector dominated with 38.9% of awards
Octobers’ GDP shows growth stalling before lockdown.
November’s overview of construction activity
- Total contract awards for October reached £4.9 billion
- North West was the leading region with 19.8% of awards
- Residential sector accounted for 36.8% of awards
UK experiences record quarterly growth but economy falters in September
- Contract awards were up 21.2% in September
- London was the leading region with 22.6% of awards
- The leading sector was residential which accounted for 32.8%
UK economy disappoints in August as Covid-19 cases rise
- Contract awards were up by 21.2% in August
- All sectors see an increase again in contract awards for August
- Yorkshire & Humber dominated with a 23% share of contract awards
UK economy continues recovering in July, growing by 6.6%. Around half of lost output has now been recovered.
- Contract award numbers were up 81.4% in June
- London had the large share of contract awards at 26.1%
- 33.9% of all contract awards were in the residential sector
The latest data release from ONS shows that overall construction output increased by 8.2% in May following the record 40.1% decrease in April.
- Total contract awards in April were £4.4 billion based on rolling three month average
- A30 road development is top project valued at £210 million
- Infrastructure contract awards remain above £1 billion
The impact of Covid-19 starts to be revealed as March GDP delivers unprecedented fall in output of 5.8% contributing to a 2% fall in Q1 GDP.
- Total contract awards in May were £2.4 billion based on a rolling three month average
- Audley Square residential development in London was top contract award for the month
- The residential sector accounted for 31.4% of all contract awards
GDP falls by record levels in April. Two decades of growth wiped out as the economy contracts by 20%.
The total value of construction contract awards in February 2020 was £6.5 billion based on a three month rolling average. This is an increase of 16.9% on January and is also 19.9% higher than February 2019.
- Contract awards up 16.9% in February
- 18.6% increase in Infrastructure contract awards
- Medical & health contract awards increase by 35.5%
Download the report here – Econimic and construction market review March 2020
The total value of construction contract awards in January 2020, was £5.5 billion based on a three month rolling average (see fig. 2.1). This is an increase of 18.5% on December 2019 and is also 2.1% ahead of January 2019.
- 17.3% increase in medical & health contract awards
- Infrastructure contract awards increase by 164.9% in January
- 8.4% increase in residential contract awards
Download the report here – Econimic and construction market review Feb 2020
- Contract awards robust for March but delays now hit
- Medical and Health sector not impacted by delays
- London is leading region for contract awards
The beginning of March saw robust activity within construction, but the delays brought about by COVID-19 lead to a tougher picture heading forward.
Download the report here – Econimic and construction market review April 2020
In this edition we round up 2019, the total construction contract awards for the year was £59.9 billion. This represents an increase of 0.2% on 2018 which in turn was 15.7% lower than 2017.
- A round up of 2019 shows contract awards hold steady
- Hotel, leisure, sport sector up by 30.8% in 2019
- Upward trend continues as awards climb 11.2% in 2019 for the industrial sector
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- 63.9% growth for contract awards in July
- All sectors see increase in contract awards for July
- Residential and Infrastructure sectors dominate
UK economy started its recovery in June growing strongly by 8.6%, however the path back to previous levels remains uncertain.