Market Research Bulletin
Market Research Bulletin: Hospital schemes set to receive £2.7bn cash injection
G&T to provide cost management services on British Land’s new mixed-use Canada Water scheme, UK construction activity contracts for the fifth consecutive month according to the latest PMI survey, Government launches consultation on energy regulations to improve the efficiency of new homes from 2020, Hospital schemes set to receive £2.7bn cash injection as part of a new hospital building programme plus more news and data from across London and the UK.
Market Research Bulletin: HS2 Plans to Overhaul its Procurement Strategy
HS2 plans to overhaul its procurement strategy in an effort to attract more bidders, implementation of domestic reverse charge VAT for construction services delayed by a year, construction material price inflation is easing according to the latest BEIS data as demand for materials softens, Kier reports a £245m pre-tax loss in its results for the year to June 2019 as restructuring costs mount plus more news and data from across London and the UK
Market Research Bulletin: The Chancellor promises an "infrastructure spending revolution"
The Chancellor promises an "infrastructure spending revolution" in this autumn's National Infrastructure Strategy, Barratt has beaten a self-imposed target ahead of schedule, revealing that 20% of its homes were built using MMC, August's PMI shows a sharp reduction in new work as activity in the UK construction sector contracts for a fourth consecutive month
Market Research Bulletin: The City of London Corporation publishes the UK’s first wind microclimate guidelines
The City of London Corporation publishes the UK’s first wind microclimate guidelines for new development proposals in the Square Mile, public other new work suffers the most as the latest construction output figures show a 1.3% decline in Q2 2019, the government lowers its 95% prompt payment target on contractor invoice payments plus more news and data from across London and the UK
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.