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Market signals strong as construction activity increases
The overall picture is one of robust and continued construction growth across the UK. Commercial construction for the 12 months to the end of December rose to £24.8 billion, an increase of 4.3% on the previous year. In line with previously reported growth in new build activity, December data indicates an increase in the total volume of new build projects which rose to £14.7 billion (up 15.2% y-o-y). The latest rise in overall construction activity mirrored the trend recorded for construction output at the end of 2015 with the UK Construction PMI up from a seven-month low.
The full report highlights:• How much construction activity has picked up over the past quarter• The increases and decreases across the UK• The movement across different sectors including industrial, offices, retail, hotels, education, medical and community• Construction volumes by new build or refurbishment• A construction costs and procurement updateJLL are pleased to partner with Glenigan to write and publish this paper.
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11 February 2016