Barbour ABI: 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.
April Construction Highlights
HIGHLIGHTS
- Contract Awards fall marginally to £6.9bn
- Planning approvals fell to £6.1bn in March 2024, down £2.3bn compared to March 2023
- Applications improved in February after a weak start to the year but activity levels in most sectors remain low
SUMMARY
A relatively flat month was dominated by the Residential and Infrastructure sectors, accounting for £2.4bn and £2bn respectively. A new student accommodation facility on Medlock Steet, Manchester will cost £200 million, whilst a new National Grid convertor station at Eastern Green will be built at a cost of £700 million. A new prison at HMP Gartree was also awarded at a cost of £300million. Wates will carry out the work which will commence July 2024. Commercial & Retail saw a 32% uplift on same month last year with continued work in the refurbishment sector. The big ticket tower projects are expected to return next year with lowering interest rates. Economic uncertainty continue to hinder the hotel and leisure sectors.
Barbour ABI – Snap Analysis – April 2024
Recent editions:
Procurement Research – The Reading Report
The University of Reading, FIS and AMA Research (part of Barbour ABI) have collaborated to produce a detailed study into Procurement in the Finishes, Fit-Out and Interiors Sector.
Visit the FIS Interior Design Hub on the Barbour ABI platform here
This partnership is great news for FIS members because it provides a dedicated Hub for FIS on the Barbour ABI Product Search where we will be able to:
- Deliver technical content and best practice advice directly to the specifer
- Highlight best practice within the membership and support members in bringing their products to the attention of this vital audience
- Showcase the work our members do such through our Awards
- Assist contractor members in finding work
- Receive 15% discount off any products within the Barbour ABI portfolio
Barbour Product Search is an interactive online building product search platform for the construction sector that enables specifiers to source products and manufacturers – this search facility is free to use
Barbour Product Search provides extensive product information in an easily searchable format, and offers daily updates, regular newsletters and blog articles to keep our members informed of new products, case studies and recent news, plus the latest in sustainability, BIM and other new technologies.
Digital construction marketing for product manufacturers
If you are a building product manufacturer, Barbour Product Search can help you to improve brand awareness, generate leads and secure sales by providing access to key industry professionals in the construction market through a multi-channel solution incorporating a product showcase, communication, specifier engagement and insight.
Find out more about the 15% discount available to FIS members