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UK construction sector optimistic despite slowing commercial activity.
Commercial construction activity in the 12 months to the end of Q1 2017 decreased to £15.0 billion, down 9.7% on the previous quarter. March data revealed a loss of momentum, particularly in the level of new build activity, which totalled £8.9 billion (down 13.7% q-o-q). Refurbishment activity was more resilient (down just 3.0% 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 April 2017