Market Update - February 2021
G&T’s Market Update for February 2021 provides an overview of the UK construction market. Against a backdrop of ongoing disruption caused by the coronavirus (COVID-19) pandemic and new Brexit trading rules, our latest report highlights changes to key macro-economic indicators over the reporting period, as well as construction-specific metrics such as the UK Purchasing Managers’ Index (PMI), construction output, new orders and key material costs. We also outline our latest trade package and tender price inflation forecasts based on our quarterly surveys and regular discussions with the supply chain.
In this update we:
- Provide an overview of some of the key takeaways from Deloitte’s Winter 2020 London Office Crane Survey
- Analyse the ONS’ Business Insights and Impact on the UK Economy dataset in order to gain an insight into the impact of the pandemic on turnover and trade, as well as furloughing trends and construction vacancies
- Summarise some of the impacts that EU–UK Trade and Cooperation Agreement could have on construction
Click here to download our full report