This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Construction sector records growth and cautious optimism for year ahead

12 January 2021

Having recorded growth in both November and December 2020, the construction sector remains broadly optimistic for the next 12 months, according to the latest analysis of the market.

Results from the IHS Markit/CPS UK Construction Total Activity Index showed activity levels of 54.7 and 54.6 in November and December, well above the 50.0 threshold required to indicate growth.

This period included the previous lockdown in England and the recording of positive results has led an increase in optimism in the sector.

Further supported by an increase in new orders, confidence is at its highest level since April 2017, according to the Infrastructure Intelligence analysis of the study.

The construction sector has fared better than others in coping with the impact of the Coronavirus pandemic, assisted by being allowed to continue to work on building sites.

Although housebuilding was the main driver of the expansion, commercial activity also showed modest growth, with civil engineering returning the lowest activity level.

Rising prices for timber, steel and other products was recorded, but this did not detract from the expectations of further growth in business levels in 2021.

Industry opinion shows that the boost in confidence has come from "stronger underlying demand", with increased infrastructure spend and a potential rise in commercial work expected in future months in response to lower levels seen in 2020 attributed to the pandemic.

Most commentators accepted that the industry faced further difficulties this year, particularly with the ongoing UK lockdowns in effect, but its performance during 2020 was seen as supporting a positive outlook for the year ahead.


Print this page | E-mail this page

www.fsifm.com
https://www.ironmongerydirect.co.uk/?utm_source=PFM%20MPU&utm_medium=MPU%20Banner&utm_campaign=Jan%202021&utm_term=Clicks&utm_content=Jan%2021


MOST VIEWED...

View more articles
Article image

Covid-19 operational challenges

Covid-19 is only the second pandemic of the 21st century since the first being the Influenza pandemic in 2009 which was considered mild in comparison....
Article image

Why complete transparency on remote education offerings from training providers must be accessible

With the ever-changing global climate, the impact of Covid-19 has seen a wide cross-section of industries significantly impacted, with many individuals los...
Article image

PFM Partnership Awards 2020 trophies to be presented in virtual event

Following the latest lockdown restrictions around the UK, it has been decided that it will not be possible to stage a live event to present the winners of ...
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

A Risk or a Climate Emergency Opportunity?

The updated Heat Network require that Operators of all unmetered shared heating system must, where possible, charge Residents for their measured heat use....

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
https://www.uhubglobal.com
PFM