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Commercial construction activity for the 12 months to the end of September fell to £19.4 billion, down 12.4% on the total for the previous quarter. The continuation of the downward trend witnessed in Q2 2016, suggests certain segments of the industry remain subdued due to ongoing uncertainty caused by the aftermath of the EU referendum. New build activity fell to £12.6 billion, down 11.1% q-o-q, its lowest level since 2009. Refurbishment activity was also more muted with activity falling to £6.8 billion (down 14.7% q-o-q).
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 update
JLL are pleased to partner with Glenigan to write and publish this paper.
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01 November 2016