Market Update - October 2020
G&T’s Market Update for October 2020 provides an overview of the London construction market. In light of the disruption caused by the coronavirus (COVID-19) pandemic and its impacts on the construction industry, the report highlights changes to key macro-economic indicators over the reporting period, as well as significant construction-specific metrics such as the UK Purchasing Managers’ Index, construction output, commercial and residential new orders, key material costs, trade package inflation and tender price trends and forecasts.
In this update we:
- Provide an overview of some of the key takeaways from Deloitte’s Summer 2020 London Office Crane Survey
- Analyse the ONS’ Business Impact of COVID-19 Survey (BCIS) Results in order to gain an insight into the impact of the pandemic on turnover and operating costs, as well as furloughing trends and construction vacancies
- Summarise some of the impacts that a no-deal Brexit could have on construction
Please note – whilst our Market Update uses the most recently published data at the time of writing, release schedules between data sets differ. This inevitably means that not all datasets will cover identical periods.