Market Research Bulletin
Market Research Bulletin: Iron ore prices begin to drift lower after July highs
Iron ore prices begin to drift lower after July highs, UK construction PMI rebounds from 10-year low but activity is still contracting, the CPA revises down its construction output forecasts over concerns about major infrastructure projects and latest official data shows that only four contractors are meeting the Government’s target for contractors to pay suppliers within 60 days
Market Research Bulletin: Fears grow that British Steel could be broken up
The latest ONS construction output figures show that ‘All Work’ output grew by 0.64% in May 2019 compared to the previous month. However, in the latest three month on previous three month series, total output growth flat lined, showing that there was 0% growth in the spring. Whilst all new work increased marginally over the latest three month period (0.3%), all repair and maintenance work fell (-0.5%).
Market Research Bulletin: Iron ore surge aided by supply disruptions and stronger-than-expected demand
Iron ore surges 60% aided by supply disruptions and stronger-than-expected demand from China’s vast steel industry, L&G’s enters into £4bn partnership with the University of Oxford to deliver thousands of homes and construction minister considers restricting the use of retentions in a bid to crack down on poor payment practices
Market Research Bulletin: key themes from the BCO conference and ONS construction figures show output grew by 0.4% in the 3 months to April
Learning from the Danes: work-life balance and wellness were the key themes of this year’s BCO conference, Eurovia UK warns that local authorities are reining in highways maintenance investment after two or three years of strong spending and hedge funds and investors are increasingly betting against copper, with the price of the metal dropping 9% since the start of May.
Market Research Bulletin: Latest London Crane Survey shows a rise in office space under construction
Immigration minister Caroline Nokes confirms there will be no EU labour ‘cliff edge’ on 31st October 2019, Steel prices are likely to become more volatile if British Steel is unable to find a buyer and the Construction Leadership Council’s (CLC) Future Skills report encourages contractors to employ more people directly.
Market Research Bulletin: The City of London takes on debt to fund major infrastructure projects
The City of London takes on debt for the first time in almost 30 years to fund major infrastructure projects, UK Construction PMI returns to expansion after two consecutive months of contraction, the CPA’s latest survey finds that rising costs are eating into contractors’ margins and UK Construction output grew just over 1% in Q1.
Market Research Bulletin: Latest Build To Rent report indicates UK regions catching up to London
CPA lower their construction output forecasts for 2019 and the latest findings from the RIBA Future Trends Survey
Market Research Bulletin: UK Construction PMI reading indicates contraction for the second month in a row
Our roundup of key economic and construction news and data across the UK and London includes UK Construction PMI reading indicates contraction for the second month in a row, three suppliers of groundwork have provisionally been found to have broken competition law and manufacturers of construction products reported continued sales growth in Q1 2019.
Market Research Bulletin: Mixed annual results from UK construction companies but many showing strong order books
Construction output increases but new orders fall, Philip Hammond's Spring Statement sets out a package of new policies to increase housing supply and mixed annual results from UK construction companies but many showing strong order books.
Market Research Bulletin: NLA survey anticipates a 204% increase of tall towers being completed in the capital in 2019
UK construction activity contracts in February 2019 for the first time in eleven months. Despite this, many are still positive on London construction. The NLA’s recent London Tall Building Survey anticipates an increase in the number of completions in the capital for 2019 and Chris Hayward, chairman of the planning committee at the City of London, is optimistic that strong overseas demand will mean more towers being built in the Square Mile over the next ten years.
Market Research Bulletin: European Medicines Agency loses high court battle to cancel London Lease
UK Construction output sees the lowest year-on-year growth since 2012, regional build to rent markets catch up with London and Laing O’Rourke delivers its plans to return the firm to profit
Market Research Bulletin: Deloitte’s regional crane surveys show building booms in Manchester and Leeds
Welcome to our latest edition of G&T’s Market Research Bulletin. Deloitte’s regional crane surveys shows building booms in Manchester and Leeds. Citigroup turns bullish on copper, expecting the metal to rally by 10% on expectations of a US trade deal with China and The Construction Leadership Council discusses the potential impacts of a no-deal Brexit.