Market Update - May 2021
G&T's Market Update for May 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:
- Review some of the factors putting upward cost pressure on rising input costs as workload returns
- Provide our insights and forecasts on trade package inflation for the next 12 months
- 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, trade and employment
Please note: whilst our Market Update uses the most recently published data at the time of writing, release schedules between datasets differ. This inevitably means that not all datasets will cover identical periods.